• Accounts Payable
• Accounts Receivable
• Advertising Expense
• Allowance for Doubtful Accounts
• Allowance for Sales Returns and Allowances
• Bad Debt Expense
• Cash
• Cash Over and Short
• Due from Factor
• Due to Customer
• Discount on Notes Payable
• Discount on Notes Receivable
• Equity Investments
• Freight-In
• Freight-Out
• Gain on Disposal of Land
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Loss on Disposal of Investment
• Loss on Sale of Receivables
• Maintenance and Repairs Expense
• Miscellaneous Expenses
• No Entry
• Notes Payable
• Notes Receivable
• Office Expense
• Office Supplies
• Owner's Drawings
• Petty Cash
• Postage Expense
• Prepaid Postage
• Purchase Discounts
• Recourse Liability
• Sales Discounts
• Sales Discounts Forfeited
• Sales Returns and Allowances
• Sales Revenue
• Service Revenue
• Supplies
• Supplies Expenses
• Unearned Sales Revenue

Deposits in transit at August 31 are $4,017, and checks outstanding at August 31 total $1,110. Cash on hand at August 31 is $328. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. (a) Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. BRIDGEPORT COMPANY Bank Reconciliation, August 31, 2020 County National Bank $ $ tA tA A $ > > > Prepare any entries necessary to make the books correct and complete. (If no entry is required, select "No Entry"for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug 31, 2020 (To record collection of note and interest) Aug. 31, 2020 (To record August bank charges) Aug. 31, 2020 (To record error in recording check for supplies) (c) What amount of cash should be reported in the August 31 balance sheet? Cash to be reported in the August 31 balance sheet $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Deposits in transit at August 31 are $4,017, and checks outstanding at August 31 total $1,110. Cash on hand at August 31 is $328. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. (a) Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. BRIDGEPORT COMPANY Bank Reconciliation, August 31, 2020 County National Bank $ $ tA tA A $ > > > Prepare any entries necessary to make the books correct and complete. (If no entry is required, select "No Entry"for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug 31, 2020 (To record collection of note and interest) Aug. 31, 2020 (To record August bank charges) Aug. 31, 2020 (To record error in recording check for supplies) (c) What amount of cash should be reported in the August 31 balance sheet? Cash to be reported in the August 31 balance sheet $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit