Skysong Company has just received the August 31, 2020, bank statement, which is summarized below. County National Bank Balance, August 1 Deposits during August Note collected for depositor, including $52 interest Checks cleared during August Bank service charges Balance, August 31 Disbursements Receipts Balance $12.180 $41,860 54.040 1,352 55,392 $44,850 10,542 26 10.516 10,516 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 13,065 Disbursements in August 45,379 Receipts during August 45,500 Deposits in transit at August 31 are $4,940, and checks outstanding at August 31 total $1,365. Cash on hand at August 31 is $403. 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. Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance. SKYSONG COMPANY Bank Reconciliation, August 31, 2020 County National Bank Balance per bank statement, August 31, 2020 $ 10516 Add Cash on hand $ 403 Deposits in transit 4940 5343 15859 Less : Outstanding checks -1365 Correct cash balance $ 14494 Balance per books, August 31, 2020 $ 13186 Add : Note and interest collected 1352 14538 Less Bank service charges $ 26 i Understated check for supplies 18 i -44 i Correct cash balance $ 14494 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 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, 2020 Cash 1352 Notes Receivable Interest Revenue (To record collection of note and interest) Aug. 31, 2020 26 Cash 26 (To record August bank charges) Aug. 31, 2020 Supplies Expenses 18 Cash 18 (To record error in recording check for supplies)