16,090 50. Elfen Company has just received statement, which is summarized below. Tri National Bank Disbursements Receipts Balance Balance, October 1 $21,361 Deposits during October $47,200 68,561 Note collected for depositor, including $40 interest 2,040 70,601 Checks cleared during October $54,501 16,100 Bank service charges 10 Balance, October 31 16,090 The general ledger Cash account contained the following entries for the month of October. Cash Balance, October 1 17.801 Disbursements in October 45,271 Receipts during October 45,000 Deposits in transit at October 31 are 54,800, and checks outstanding at October 31 total $1,550. Cash on hand at October 31 is $250. The bookkeeper improperly entered one check in the books at $210.00 which was written for $180.00 for supplies (expense); it cleared the bank during the month of October Instructions a) Prepare a bank reconciliation dated October 31, 2020, proceeding to a correct balance (b) Prepare any entries necessary to make the books correct and complete. (o) What amount of cash should be reported in the October 31 balance sheet