>Auction Det x B H4 -) cle secure: https:/ ct html Help Save & Exlt Submilt Rick

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>Auction Det x B H4 -) cle secure: https:/ ct html Help Save & Exlt Submilt Rick Hall owns a card shop, Hall's Cards. The following cash Information is available for the month of August 2018: As of August 31, the bank statement shows a balance of $1,860. The August 31 unadjusted balance in the Cash account of Hall's Cards is $7,913. A review of the bank statement revealed the following Information 15 points 1. A deposit of $1,460 on August 31, 2018, does not appear on the August bank statement 2. It was discoredthat a check to pay for baseball cards was correctly written and paid by the bank for $2,150 but was recorded on the books as $3,050. 3 When checks written during the month were compared with those paid by the bank, three checks amounting to $4,595 were found 4. A debit memo for $88 was included in the bank statement for the purchase of a new supply of checks. Print to be outstanding. References Required Prepare a bank reconciliation at the end of August showing the true cash balance. HALL'S CARDS Bank Reconciliation August 31, 2018 Unadjusted Bank Balance, August 31, 2018 True Cash Balance, August 31, 2018 Unadjusted Book Balance, August 31, 2018 True Cash Balance, August 31, 2018 KPrey 4 of4 Next

Explanation / Answer

Bank reconciliation :

August 31,2018

Unadjusted bank balance, august 31,2018 11860 Add: Deposit in transit 1460 Less: Outstanding checks -4595 True cash balance,August 31, 2018 8725 Unadjusted bank balance, August 31,2018 7913 Add: Wrongly written in books (3050-2150) 900 Less: Debit memo included in bank statement -88 True cash balance, August 31,2018 8725

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