Bridgeport Corp has just received its August 31, 2020 bank statement, which is summarized as follows Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August 1 $9,510 Deposits during August $34,300 43,810 Note collected for depositor, including $80 interest 1,250 45,060 Cheques cleared during August $34,400 10,660 Bank service charges 15 10,645 Balance, August 31 10,645 The general ledger Cash account contained the following entries for the month of August Cash Balance, August 1 10,760 Disbursements in August 35,142 Receipts during August 36,700 Deposits in transit at August 31 are $4,500, and cheques outstanding at August 31 total $1,900 Cash currently on hand at August 31 is $290 and there were postdated cheques from customers (for September 1) in the amount of $620 The bookkeeper improperly entered one cheque in the books at $150 50 The cheque was actually written for $168 50 for supplies (expense) and cleared the bank during the month of August Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance (List items that increase balance as per bank books first ) Bridgeport Corp Bank Reconciliation, August 31, 2020 Provincial Bank of Manitoba Balance per bank statement, Aug 31, 2020 $ Add Cash on hand $ Deposits in transit Less Outstanding cheques Correct cash balance $ $ Add Note and interest Collected Less Bank service charges $ Understated cheque for supplies Correct cash balance $ Prepare entries that are needed to make the books correct and complete (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter for the amounts ) Account Titles and Explanation Debit Credit (To record collection of note and interest) (To record bank charges) (To record error in recording cheque for supplies) e Textbook and Media What amount of cash should be reported on the August 31 statement of financial position Cash balance $

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Bridgeport Corp. has just received its August 31, 2020 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August

Bridgeport Corp. has just received its August 31, 2020 bank statement, which is summarized as follows:

Provincial Bank of Manitoba	Disbursements	Receipts	Balance
Balance, August 1			$9,510
Deposits during August		$34,300	43,810
Note collected for depositor, including $80 interest		1,250	45,060
Cheques cleared during August	$34,400		10,660
Bank service charges	15		10,645
Balance, August 31			10,645

The general ledger Cash account contained the following entries for the month of August:

Cash
Balance, August 1	10,760	Disbursements in August	35,142
Receipts during August	36,700

Deposits in transit at August 31 are $4,500, and cheques outstanding at August 31 total $1,900. Cash currently on hand at August 31 is $290 and there were postdated cheques from customers (for September 1) in the amount of $620. The bookkeeper improperly entered one cheque in the books at $150.50. The cheque was actually written for $168.50 for supplies (expense) and cleared the bank during the month of August.

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Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. (List items that increase balance as per bank & books first.) Bridgeport Corp. Bank Reconciliation, August 31, 2020 Provincial Bank of Manitoba Balance per bank statement, Aug. 31, 2020 $ Add : Cash on hand $ Deposits in transit Less Outstanding cheques Correct cash balance $ $ Add Note and interest Collected Less Bank service charges $ Understated cheque for supplies Correct cash balance $ Prepare entries that are needed to make the books correct and complete. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record collection of note and interest) (To record bank charges) (To record error in recording cheque for supplies) e Textbook and Media What amount of cash should be reported on the August 31 statement of financial position? Cash balance $