Blue Company has just received the August 31, 2020, bank statement, which is summarized below. County National Bank Disbursements Receipts Balance Balance, August 1 $12,180 Deposits during August $41,860 54,040 Note collected for depositor, including $52 interest 1,352 55,392 Checks cleared during August $44,850 10,542 Bank service charges 26 10,516 Balance, August 31 10,516 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 13,065 Disbursements in August 45,379 Receipts during August 45,500 Deposits in transit at August 31 are $4,940, and checks outstanding at August 31 total $1,365. Cash on hand at August 31 is $403. 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) Incorrect answer iconYour answer is incorrect. Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. BLUE COMPANY Bank Reconciliation, August 31, 2020 County National Bank $ : $ : $ $ : : $ $