On August 31. Year 1. the general ledger of a company shows a balance for cash of $7,804. Cash receipts yet to be deposited into the checking account total $3,198, and checks written by the academy but not yet processed by the bank total $1.285. The company's balance of cash does not reflect a bank service fee of $21 and interest earned on the checking account of $32. These amounts are included in the balance of cash of $5,902 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, Year 1. (Amounts to be deducted should be Indicated with a minus sign.) Bank's Cash Balance Per Bank Statement Deposits Outstanding Checks Outstanding Bank Reconciliation August 31, Yeart Company's Cash Balance $ 5.902 Per General Ledger 3.198 Interest Earned (1.285) Service Fees $ 7,804 32 (21) Bank Balance per Reconciliation 5 7.815 Company Balance per Reconciliation 5 7.815 2. Record the necessary entry(ies) to adjust the balance for cash (f no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction fist Jo rnal entry worksheet 1 2 > Record the amounts that increase cash. Nute. Etter dit before its General Journal Debit Credit Date August 31