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On August 31, 2024, the general ledger of Brusher Man Vacuum shows a balance for cash of $7,874. Cash receipts yet to be deposited into

On August 31, 2024, the general ledger of Brusher Man Vacuum shows a balance for cash of $7,874. Cash receipts yet to be deposited into the checking account total $3,369. The company's balance of cash does not reflect a debit card payment for the purchase of postage expense ($79) or an electronic funds transfer for rent expense ($1,355). The bank statement also revealed the company recorded a debit card transaction for supplies of $404, but the actual amount was $504. These amounts are included in the balance of cash of $2,971 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) BRUSHER MAN VACUUM Bank Reconciliation August 31, 2024 Bank's Cash Balance. Company's Cash Balance Per bank statement Deposits outstanding $ 2,971 3,300 Per general ledger 5 7,874 Debit card for postage EFT for rent Corrected supplies 000 79 1,355 100 Bank balance per reconciliation S 6,340 Company balance per reconciliation $ 6,340 1 - Check my work mode: This shows what is correct or inco On August 31, 2024, the general ledger of Brusher Man Vacuum shows a balance for cash of $7,874 Cash receipts yet to be deposited Into the checking account total $3,369. The company's balance of cash does not reflect a debit card payment for the purchase of postage expense ($79) or an electronic funds transfer for rent expense ($1,355). The bank statement also revealed the company recorded a debit card transaction for supplies of $404, but the actual amount was $504. These amounts are included in the balance of cash of $2.971 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 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.) No Date General Journal 1 August 31, 2024 No Journal Entry Required 2 August 31, 2024 Postage Expense Rent Expense Supplies Cash < Debit Credit 0 0000 790 1,355 100- 1,534

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