Exercise 7-25 (Part Level Submission) Page 1 of 2 Page 1 of 3 Print by: Nunu Skhulukhia KCC01 ACC 2100 03 1192 1: 2019 Spring Term (1) Internmediate Accounting I ACC 2100 03 t21304) (Kingsborough CC) / Cash & Receivables Exercise 7-25 (Part Level Submission) Logan Bruno Company has just received the August 31, 2017, bank statement, which is summarized below. County National Bank Balance, August 1 (/Deposits during August Disbursements Receipts Balance $9,369 Note collected for depositor, including $40 interest $32,200 41,569 Checks cleared during August 1,040 42,609 $34,500 Bank service charges 8,109 20 8,089 Balance, August 31 8,089 The general ledger Cash account contained the following entries for the month of August Cash Balance, August 1 10,050 Disbursements in August 35,000 34,903 Receipts during August 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. *(a) Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance. LOGAN BRUNO COM Bank Reconciliation, August 31, 2017 County National Bank 0313117 $9,369 Belance per bank stt add Depasit Lessavets err 13 163 $YN6S 32,00(41,s68-32,200 3,800 13, 187 22 556 lessouls 5/27/2019 en test/qprint.uni cc 2100 03 1192i1 2019 Spring Term (1) Intermediate Accounting I Acc 2100 03 nrough CC)/ Cash &Receivables cise 7-25 (Part Level Submission) Page 2 of 3 Cesrect cash 23 606 YBa1ance Sepost adaJaerest 10,050 Attempts: 0 of 3 used "(b) Prepare any entries necessary to 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 are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit Aug. 31, 2017 (To record collection of note and interest) Aug. 31, 2017 (To record August bank charges) Aug. 31, 2017 (To record error in recording check for supplies) Attempts: 0 of 3 used )