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Exercise 7-25 (Part Level Submission) Pronghorn Corp. has just received its August 31, 2017 bank...

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Exercise 7-25 (Part Level Submission) Pronghorn Corp. has just received its August 31, 2017 bank statement, which is summarized as follows: Provincial Bank of Manitoba Balance, August 1 Deposits duing August Note collected for depositor, including $50 interest Cheques cleared during August Bank service charges Balance, August 31 Disbursements Receipts Balance $9,100 $30,400 39,500 1,180 40,680 8,000 7,961 7,961 $32,680 39 The general ledger Cash account contained the following entries for the month of August: Cash Balance, August 1 Receipts during August 9,860 Disbursements in August 35,200 35,123 Deposits intransit at August 31 are $4,000, and cheques outstanding at August 31 total $1,200. Cash currently on hand at August 31 is $290 and there were postdated cheques from customers (for September 1) in the amount of $510. The bookkeeper improperly entered one cheque in the books at $142.49. The cheque was actually written for $169.49 for supplies (expense) and cleared the bank during the month of August. Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance. (List items that increase balance as per bank & books first.)

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