ng Enabled: Week $2$ Homework

As of August $31,$ the bank statement shows a balance of $$11,990.$ The August $31$ unadjusted balance in the Cash account of Hall's Cards is $$7,939.$ A review of the bank statement revealed the following information:

A deposit of $$1,110$ on August $31,$ Year $3,$ does not appear on the August bank statement.

It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $$2,125$ but was recorded on the books as $$3,025.$

When checks written during the month were compared with those paid by the bank, three checks amounting to $$4,320$ were found to be outstanding.

A debit memo for $$59$ was included in the bank statement for the purchase of a new supply of checks.

Required:

Prepare a bank reconciliation at the end of August showing the true cash balance.

Note: Negative amounts should be indicated with minus sign.

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