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On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7.754. Cash receipts yet to be deposited

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On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7.754. Cash receipts yet to be deposited into the checking account total $3148, and checks written by the academy but not yet processed by the bank total $1,235. The company's balance of cash does not reflect a bank service fee of $16 and interest earned on the checking account of $27. These amounts are included in the balance of cash of $5,852 reported by the bank as of the end of August. Requlred: 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 slgn.) THE DEAN ACTING ACADEMY Bank Reconciliation August 31, 2021 Bank's Cash Balance Company's Cash Balance Per General Ledger Per Bank Statement Company Balance per Reconoliation Bank Balance per Reconciliation 2 Record the necessary entry(ies) to adjust the balance for cash. (If no entry Is requlred for a transaction/event, select Entry Requlred" In the first occount fleld.) View transaction list Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Date Debit Credit General Journal August 31, 2021 Clear entry Vew general journal Record entry 2 Record the necessary entry(ies) to adjust the balance for cash. (If no entry Is requlred for a transaction/event, select "No Entry Required" In the first account fleld.) View transaction list Journal entry worksheet 1. Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Date August 31, 2021 View general joumal Record entry Clear entry

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