The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:

Cash balance according to the company's records at August 31, $24,030.

Cash balance according to the bank statement at August 31, $25,030.

Checks outstanding, $4,880.

Deposit in transit, not recorded by bank, $3,920.

A check for $340 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $430.

Bank debit memo for service charges, $50.

Prepare a bank reconciliation.