help please!

On August 31,2024, the general ledger of Knifepoint Cutlery shows a balance for cash of $7,914. Cash receipts yet to be deposited into the checking occount total $3,325 The company's bolance of cosh does not reflect o debit card payment for the purchase of postoge expense ( $83) or an electronic funds transfer for rent expense ($1,395). The bank statement also revealed the company recorded a debit card transaction for supplies of $408, but the actual amount was $508. These amounts are included in the balance of cosh of $3,011 reported by the bank as of the end of August. Required: 1. Prepare a bank reconcliation to calculate the correct ending bolonce of cash on August 31, 2024 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Prepare a bank reconciitation to calculate the correct ending balance of cash on Aupust 31, 2024. (Amounts to be deducted should be indicated with a minus sion.) On August 31, 2024, the general ledger of Knifepoint Cutlery shows a balance for cash of $7,914. Cash receipts yet to be deposited into the checking occount total $3.325. The company's balance of cash does not reflect a debit card payment for the purchase of postage expense (\$83) or an electronic funds transfer for rent expense ($1,395). The bank statement also reveoled the company recorded a debit card transaction for supplies of $408, but the actual amount was $508. These amounts are included in the bolance of cash of $3.011 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 31,2024. 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Record the necessary entry(les) to adjust the balance for cash. (If no entry is required for a transactionvevent, select "No jourrial Entry Required in the first account field.) Journal entry worksheet On August 31, 2024, the general ledger of Knifepoint Cutlery shows a balance for cash of $7.914. Cash receipts yet to be deposited into the checking account total $3,325. The company's balance of cash does not reflect a debit card payment for the purchase of postage expense (\$83) or an electronic funds transfer for rent expense ($1,395). The bank statement also revealed the company recorded o debit cord transaction for supplles of $408, but the actual amount was $508. These amounts are included in the balance of cash of $3.011 reported by the bank as of the end of August. Required: 1. Prepare a bank reconcilation to calculate the correct ending balance of cash on August 31, 2024. 2. Record the necessary entry(ies) to odjust the bolance for cosh. Complete this question by entering your answers in the tabs below. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select Wo Journal Entry Required in the first account field.) Journal entry worksheet