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Required information Problem 6 - 1 8 A ( Static ) Preparing a bank reconciliation LO 6 - 3 Skip to question [ The following
Required information
Problem A Static Preparing a bank reconciliation LO
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The following information applies to the questions displayed below.
Rick Hall owns a card shop: Halls Cards. The following cash information is available for the month of August Year
As of August the bank statement shows a balance of $ The August unadjusted balance in the Cash account of Halls Cards is $ A review of the bank statement revealed the following information:
A deposit of $ on August Year does not appear on the August bank statement.
It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $ but was recorded on the books as $
When checks written during the month were compared with those paid by the bank, three checks amounting to $ were found to be outstanding.
A debit memo for $ was included in the bank statement for the purchase of a new supply of checks.
Problem A Static Part b
b Prepare any necessary journal entries to adjust the books to the true cash balance.
Note: If no entry is required for a transaction or event, select No journal entry required" in the first account field.
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