252Fwebapps. 4 Help Save & Exit Sub Ek my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,894. Cash receipts yet to be deposited into the checking account total $3,288, and checks written by the academy but not yet processed by the bank total $1,375. The company's balance of cash does not reflect a bank service fee of $30 and interest earned on the checking account of $41. These amounts are included in the balance of cash of $5,992 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. Bank's Cash Balance THE DEAN ACTING ACADEMY Bank Reconciliation August 31, 2021 Company's Cash Balance $ 5,992 Per General Ledger 3,288 Service Fees 1,375 X Interest Earned $ Per Bank Statement 7,894 30 X 41 ~ Deposits Outstanding Checks Outstanding $ 7,905 $ 10,655 X Company Balance per Reconciliation Bank Balance per Reconciliation 1 of 4 Prey Next >