Exercise 4-10 (Algo) Calculate the balance of cash using a bank reconciliation (LO4-5) On August 31, 2024, the general ledger of Ballet Shoes shows a balance for cash of $7.764. Cash recelpts yet to be deposired into the checking account total $3,215. The company's balance of cash does not reflect a debit card payment for the purchase of postage expense (\$93) or an electronic funds transfer for rent expense (\$1,245). The bank statement also revealed the company recorded a debir card transaction for supplies of $418, but the actual amount was $518. These amounts are included in the balance of cash of $3,11 reported by the bank as of the end of August. Required: 1. Prepare a bank reconcillation to calculate the correct ending balance of cash on August 31, 2024. 2. Record the necessary entrylles) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/eve Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/e Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits