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 $47 interest Checks cleared during August Bank service charges Balance, August 31 Disbursements Receipts Balance $10,915 $37,513 48,428 1,212 49,640 $40,193 9,447 9,424 9,424 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 1 1,708 Disbursements in August 40,665 Receipts during August 40,775 Deposits in transit at August 31 are $4,427, and checks outstanding at August 31 total $1,223. Cash on hand at August 31 is $361. 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. WILDHORSE COMPANY Bank Reconciliation, August 31, 2020 County National Bank List of Accounts 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 Ofor 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) List of Accounts (To record error in recording check for supplies) 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 $ List of Accounts Attempts: 0 of 4 used Save for Later Submit Answer Send to Gradebook