Culver Company has just received the August 31, 2017, bank statement, which is summarized below.

County National Bank Disbursements Receipts Balance Balance, August 1 $13,192 Deposits during August $45,338 58,530 Note collected for depositor, including $56 interest 1,464 59,994 Checks cleared during August $48,576 11,418 Bank service charges 28 11,390 Balance, August 31 11,390

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

Cash Balance, August 1 14,150 Disbursements in August 49,150 Receipts during August 49,280

Deposits in transit at August 31 are $5,350, and checks outstanding at August 31 total $1,478. Cash on hand at August 31 is $436. The bookkeeper improperly entered one check in the books at $146.50 which was written for $164.50 for supplies (expense); it cleared the bank during the month of August.

Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance.