Exercise 4-10A Calculate the balance of cash using a bank reconciliation (L04-5) On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7774. Cash receipts yet to be deposited into the checking account total $3,168, and checks written by the academy but not yet processed by the bank total $1,255. The company's balance of cash does not reflect a bank service fee of $18 and interest earned on the checking account of $29. These amounts are included in the balance of cash of $5,872 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.) THE DEAN ACTING ACADEMY Bank Reconciliation August 31, 2021 Company's Cash Balance 5,872 Per General Ledger Bank's Cash Balance Per Bank Statement $ $ 7,774 3,168 ences Bank Balance per Reconciliation Company Balance per Reconciliation 2. Record the necessary entrylies) 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) View transaction lit Journal entry worksheet 2. Record the necessary entryies) 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.) View transaction list Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credits General Journal Date August 31, 2021 Debit Credit Record entry Clear entry View general Journal 2. Record the necessary entry(ies) 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.) View transaction list Journal entry worksheet