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Skysong, Inc s bank statement from Main Street Ban

Skysong, Inc s bank statement from Main Street Bank at August 31, 2017, gives the following informationBalance, August 1$18,700Bank debit memorandum:August deposits71,300Safety deposit box fee$ 125Checks cleared in August68,578Service charge150Bank credit memorandum:Balance, August 3121,292 Interest earned145A summary of the Cash account in the ledger for August shows the following: balance, August 1, $19,000; receipts $74,300; disbursements $73,470; and balance, August 31, $19,830 Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,900 and outstanding checks of $4,600 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

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