Exercise 7-25 Novak Company has just received the August 31, 2017, bank statement, which is summarized below. Disbursements Receipts Balance County National Bank Balance, August 1 $15,215 Deposits during August $52,293 67,508 Note collected for depositor, including $65 interest 1,689 69,197 Checks cleared during August $56,028 13,169 Bank service charges 32 13.137 Balance, August 31 13,137 The general ledger Cash account contained the following entries for the month of August. Cash 16,321 Disbursements in August Balance, August 1 56,694 56,840 Receipts during August transit at August 31 are $6,171, and checks outstanding at August 31 total $1,705. Cash on hand at August 31 is $503. The bookkeeper improperly entered one check in the books at Deposits $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. NOVAK COMPANY Bank Reconciliation, August 31, 2017 County National Bank $ $ $ Prepare any enties necessaly are automatically make the books correct and complete. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles d whe amou entered. Do not in manually.) Debit Credit Date Account Titles and Explanation Aug. 31, 2017 note and interest) (To record collection Aug. 31, 2017 (To record August bank charges) Aug. 31, 2017 (To record error in recording check for supplies) SHOW LIST OF ACCOUNTS LINK TO TEXT What amount of cash should be reported in the August 31 balance sheet? Cash to be reported in the August 31 balance sheet $ Open Show Work Click if you would like to Show Work for this