On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,814. Cash receipts yet to be deposited into the checking account total $3,208, and checks written by the academy but not yet processed by the bank total $1,295. The company's balance of cash does not reflect a bank service fee of $22 and interest earned on the checking account of $33. These amounts are included in the balance of cash of $5,912 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 Bank's Cash Balance Company's Cash Balance Per Bank Statement Per General Ledger Bank Balance per Reconciliation Company Balance per Reconciliation Bank Error Checks Outstanding Deposits Outstanding Interest Earned Service Fees 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 1 2 Record the amounts that increase cash Note: Enter debits before credits Debit Date General Journal Credit August 31, 2021 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 1 2 Record the amounts that decrease cash Note: Enter debits before credits. Credit Date General Journal Debit August 31, 2021 View general journal Record entry Clear entry No Journal Entry Required Accounts Payable Accounts Receivable Common Stock Income Tax Expense Inventory Notes Payable Notes Receivable Postage Expense