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 $