Question 10 of 10 0.81 / 1.25 View Policies Show Attempt History Current Attempt in Progress Bramble Company has just received the August 31, 2020, bank statement, which is summarized below. Disbursements Receipts County National Bank Balance, August 1 Deposits during August Note collected for depositor, including $56 Interest Checks cleared during August Bank service charges Balance August 31 $45,338 1,464 Balance $13,192 58,530 59,994 11.418 11,390 11,390 $48,576 28 The general ledger Cash account contained the following entries for the month of August. Balance, August 1 Receipts during August Cash 14,150 Disbursements in August 49.280 49,150 Deposits in transit at August 31 are $5,350, and checks outstanding at August 31 total $1,478. Cash on hand at August 31 is $436. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense): it cleared the bank during the month of August. Question 10 of 10 > 0.81 / 1.25 III (a) Your answer is correct. Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. BRAMBLE COMPANY Bank Reconciliation, August 31, 2020 County National Bank Balance per bank statement, August 31, 2020 11390 Add : Cash on hand 436 Deposits in transit 5350 5786 17176 Less Outstanding checks (1478) Correct cash balance $ 15698 Balance per books, August 31, 2020 $ 14280 Add Note and interest collected 1464 Question 10 of 10 > 0.81 / 1.25 17176 Less Outstanding checks (14781 Correct cash balance $ 15698 Balance per books. August 31, 2020 14280 Add: Note and interest collected 1464 15744 Bank service charges 28 Understated check for supplies 18 (46) Correct cash balance 15698 e Textbook and Media Assistance Used List of Accounts Assistance Used Attempts: 1 of 5 used (b) Your Answer Correct Answer Your answer is partially correct. Prepare any entries necessary to make the books correct and complete. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Aug 31, 1464 Cash 2020 1400 Notes Receivable 56 Interest Revenue (To record collection of note and interest) 28 Aug. 31 2020 Petty Cash 28 Cash (To record August bank charges) 18 Aug. 31 2020 Supplies Expenses 18 (To record error in recording check for supplies) Question 10 of 10 0.81/1.25 II! Cash 28 Aug 31, 2020 (To record August bank charges) Supplies Expenses 18 Cash 18 (To record error in recording check for supplies) eTextbook and Media List of Accounts Assistance Used Attempts: 5 of 5 used (s) What amount of cash should be reported in the August 31 balance sheet? Cash to be reported in the August 31 balance sheet $ e Textbook and Media List of Accounts
