Check 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 $7,884. Cash receipts yet to be deposited into the checking account total $3,278, and checks written by the academy but not yet processed by the bank total $1,365. The company's balance of cash does not reflect a bank service fee of $29 and interest earned on the checking account of $40. These amounts are included in the balance of cash of $5.982 reported by the bank as of the end of August. points 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 and correct. THE DEAN ACTINO ACADEMY Bank Reconciliation August 31, 2021 Bank's Cash Balance Company's Cash Balance Per Bank Statement $ 5,982 Per General Ledger $ 7,884 Deposits Outstanding 3,278 Service Fees (29) Checks Outstanding (1.365) Interest Eamed 40 Bank Balance per Reconciliation $ 7,005 Company Balance per Reconciliation $ 7,895 Check 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 Bank Balance per Reconciliation S 7,895 Company Balance per Reconciliation $ 7,895 points 2. Record the necessary entryfies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 August 31, 2021 Service Fee Expense Cash 40 August 31, 2021 Cash Interest Revenue