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Required information [ The following information applies to the questions displayed below. ] Rick Hall owns a card shop: Hall's Cards. The following cash information
Required information
The following information applies to the questions displayed below.
Rick Hall owns a card shop: Hall's 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 Hall's 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.
Required
a Prepare a bank reconciliation at the end of August showing the true cash balance.
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