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Please help solve and explain Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August 2018:

Please help solve and explain

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Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August 2018: As of August 31, the bank statement shows a balance of $12,460. The August 31 unadjusted balance in the Cash account of Hall's Cards is $8,558. A review of the bank statement revealed the following information 1. A deposit of $1,030 on August 31, 2018, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $2,950 but was recorded on the books as $3,850 amounting to $4,080 were found to be outstanding. checks 3. When checks written during the month were compared with those paid by the bank, three checks 4. A debit memo for $48 was included in the bank statement for the purchase of a new supply of Required Prepare a bank reconciliation at the end of August showing the true cash balance. HALL'S CARDS Bank Reconciliation August 31, 2018 Unadjusted Bank Balance, August 31, 2018 True Cash Balance, August 31, 2018 Unadjusted Book Balance, August 31, 2018 True Cash Balance, August 31, 2018

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