pina Colada Corp.has just received its August 31, 2020 bank statement, which is summarized as follows:

Provincial Bank of ManitobaDisbursementsReceiptsBalanceBalance, August 1$9,560Deposits during August$33,40042,960Note collected for depositor, including $80interest1,00043,960Cheques cleared during August$35,0008,960Bank service charges108,950Balance, August 318,950

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

Cash

Balance, August 1

11,390

Disbursements in August

36,585

Receipts during August36,400

Deposits in transit at August 31 are $4,700, and cheques outstanding at August 31 total $1,800. Cash currently on hand at August 31 is $320and there were postdated cheques from customers (for September 1) in the amount of $620. The bookkeeper improperly entered one cheque in the books at $141.50. The cheque was actually written for $166.50for supplies (expense) and cleared the bank during the month of August.

make a bank reconciliation dated August 31, 2020, proceeding to a correct balance.(List items that increase balance as per bank & books )

Prepare entries that are needed to make the books correct and complete.(Credit account titles are automatically indented )

What amount of cash should be reported on the August 31 statement of financial position?