On August 31, Year 1, the general ledger of a company shows a balance for cash of $7,924. Cash receipts yet to be deposited into the 2. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal checking account total $3,318, and checks written by the academy but not yet processed by the bank total $1,405. The company's Entry Required" in the first account field.) balance of cash does not reflect a bank service fee of $33 and interest earned on the checking account of $44. These amounts are included in the balance of cash of $6,022 reported by the bank as of the end of August. Required: View transaction list 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.) Journal entry worksheet Bank Reconciliation August 31, Year 1 Bank's Cash Balance Company's Cash Balance Per Bank Statement Per General Ledger Record the amounts that increase cash. Note: Enter debits before credits. Bank Balance per Reconciliation Company Balance per Reconciliation Date General Journal Debit Credit August 31 Record entry Clear entry View general journal