Teal Mountain Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,665 Bank debit memorandum: August deposits 71,265 Safety deposit box fee $85 Checks cleared in August 68,618 Service charge 110 Bank credit memorandum: Interest earned Balance, August 31 21,222 105 A summary of the Cash account in the ledger for August shows the following: balance, August 1. $18,965; receipts $74,265; disbursements $73,510; and balance, August 31, $19,720. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,860 and outstanding checks of $4,560. 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.