Prepare a bank reconciliation at August 31 for Randy’s Toy Box using the following information:
Company’s cash account balance, August 31 ......$6,500.00
Bank statement ending balance, August 31 ........ 5,100.44
Deposits in transit .................. 2,504.57
Outstanding checks:
4051 ....................... 1,052.15
4056 ....................... 25.59
There was an error in Randy’s books. Check 4052 for $825.69 was correctly deducted from the bank account, but was mistakenly recorded in the books as $852.96.