Splish Brothers Inc.s bank statement from Main Street Bank at August 31, 2022, gives the following information.

Balance, August 1		$18,540		Bank debit memorandum:
August deposits		71,140		Safety deposit box fee		$ 50
Checks cleared in August		68,653		Service charge		75
Bank credit memorandum:				Balance, August 31		20,972
Interest earned		70

A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,840; receipts $74,140; disbursements $73,545; and balance, August 31, $19,435. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,825 and outstanding checks of $4,525. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40.

Determine outstanding checks. (Hint: You need to correct disbursements for the check error.)

Outstanding checks

$enter outstanding checks in dollars