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

County National Bank Disbursements Receipts Balance

Balance, August 1 $11,927

Deposits during August $40,991 52,918

Note collected for depositor, including $51 interest 1,324 54,242

Checks cleared during August $43,919 10,323

Bank service charges 25 10,298

Balance, August 31 10,298

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

Cash

Balance, August 1 12,794 Disbursements in August 44,446

Receipts during August 44,555

Deposits in transit at August 31 are $4,837, and checks outstanding at August 31 total $1,337. Cash on hand at August 31 is $395. 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.

(a)

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

WHISPERING COMPANY

Bank Reconciliation, August 31, 2020

County National Bank

$

:

$

:

$

$

:

:

$

$

(b)

any entries necessary to make the books correct and complete. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

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)

(c)

What amount of cash should be reported in the August 31 balance sheet?

Cash to be reported in the August 31 balance sheet $