E7-25 (LoB) (Bank Reconciliation and Adjusting Entries) Logan Bruno Company has just received the August 31, 2017, bank statement, which is summarized below County National Bank Disbursements Receipts Balance Balance, August 1 Deposits during August Note collected for depositor, including $40 interest Checks cleared during August Bank service charges Balance, August 31 s 9,369 41.569 42,609 8,109 8,089 8,089 $32,200 1,040 34 500 20 The general ledger Cash account contained the following enties for the month of August Cash Balance, August 1 Receipts during August 35,000 10,050 Disbursements in August34903 Deposits in transit at August 31 are $3,800, and checks outstanding at August 31 total $1,050. Cash on hand at August 31 is $310. 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 Instructions (a) Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance. (b) Prepare any entries necessary to make the books correct and complete. (c) What amount of cash should be reported in the August 31 balance sheet