Rodriguez Company maintains a checking account at the Imura Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books Per Bank $17,810 $16,010 Balance, July 1 July receipts 81,610 July credits 83,689 July disbursements 77,360 74,966 July debits $22,060 $24,733 Balance, July 31 Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit memorandum of $4,689 for the collection of a $4,610 note plus interest revenue of $79. The July debits per bank consist of checks cleared $74,901 and a debit memorandum of $65 for printing additional company checks. You also discover the following errors involving July checks. (1) A check for $470 to a creditor on account that cleared the bank in July was journalized and posted as $740. (2) A salary check to an employee for $555 was recorded by the bank for $455. The June 30 bank reconciliation contained only two reconciling items: deposits in transit $8,210 and outstanding checks of $6,410