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Sheridan Inc.'s bank statement from Western Bank at August 31, 2025, shows the following information. Balance, August 1 August deposits $15,088 67,160 Cheques cleared in August (63,186) Bank credit for interest earned not yet accrued 45 Bank debit for safety deposit box fee (25) Bank service charge Balance, August 31 (50) $19,032 A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1, $15,548; cash receipts deposited $70,840; cheque disbursements $67,682; and unreconciled cash balance, August 31, $18,706. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,600 and outstanding cheques of $4,140. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $400 payable to a supplier on account that cleared the bank in August was journalized and posted for $40.