Martinez Company has just received the August 31, 2020, bank statement, which is summarized below.

County National Bank		Disbursements			Receipts		Balance
Balance, August 1							$14,203
Deposits during August					$48,815		63,018
Note collected for depositor, including $61 interest					1,577		64,595
Checks cleared during August		$52,302					12,293
Bank service charges		30					12,263
Balance, August 31							12,263

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

Cash
Balance, August 1		15,236	Disbursements in August		52,914
Receipts during August		53,060

Deposits in transit at August 31 are $5,761, and checks outstanding at August 31 total $1,592. Cash on hand at August 31 is $470. The bookkeeper improperly entered one check in the books at $148 which was written for $175 for supplies (expense); it cleared the bank during the month of August.

Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance.