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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.
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