View Policies Current Attempt in Progress Wildhorse 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 $41 interest Checks cleared during August Bank service charges Balance, August 31 Disbursements Receipts Balance $9,650 $33,166 42,816 1,071 43,887 $35,535 8,352 8,331 8.331 21 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 1 0,352 Disbursements in August 35,961 Receipts during August 36,050 Deposits in transit at August 31 are $3.914, and checks outstanding at August 31 total $1,082. Cash on hand at August 31 is $319. The bookkeeper improperly entered one check in the books at $146 which was written for $155 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. WILDHORSE COMPANY Bank Reconciliation, August 31, 2020 County National Bank Balance per bank statement, August 31, 2020 8331 Add : Cash on hand 319 Deposits in transit Less : Outstanding checks Correct cash balance Balance per books, August 31, 2020 Add : Note and interest collected Less : Rank service charges earch ' oeie m a A 2 - 4/18/2020 2 Less : Outstanding checks Correct cash balance Balance per books, August 31, 2020 Add : Note and interest collected Less Bank service charges Understated check for supplies Correct cash balance e Textbook and Media List of Accounts Prepare anventries necessary to make the books.correct and complete. (If no entry is required select "No Entry" for the account titles and 2:47 PM E le E 4/18/202052 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 (To record collection of note and interest) Aug. 31, 2020 (To record August bank charges) Aug. 31, 2020 (To record error in recording check for supplies) e Textbook and Media List of Accounts 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 Save for Later Last saved 18 hours ago. Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook. Fri, Apr 17, 2020, 6:07:17 PM (America/New York-04:00)