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

County National Bank		Disbursements			Receipts		Balance
Balance, August 1							$12,939
Deposits during August					$44,468		57,407
Note collected for depositor, including $55 interest					1,436		58,843
Checks cleared during August		$47,645					11,198
Bank service charges		28					11,170
Balance, August 31							11,170

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

Cash
Balance, August 1		13,879	Disbursements in August		48,208
Receipts during August		48,335

Deposits in transit at August 31 are $5,248, and checks outstanding at August 31 total $1,450. Cash on hand at August 31 is $428. 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.

(a)

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

SHEFFIELD COMPANY Bank Reconciliation, August 31, 2020 County National Bank