! 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 1. As of August 31, the bank statement shows a balance of $12,800. The August 31 unadjusted balance in the Cash account of Hall's Cards is $9,929. A review of the bank statement revealed the following information: 1. A deposit of $1,970 on August 31, Year 1, 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 $2,615 but was recorded on the books as $3,515. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,030 were found to be outstanding. 4. A debit memo for $89 was included in the bank statement for the purchase of a new supply of checks. 5 Required a. Prepare a bank reconciliation at the end of August showing the true cash balance. HALL'S CARDS Bank Reconciliation August 31, Year 1 Unadjusted Bank Balance, August 31, Year 1 $ FA 0 True Cash Balance, August 31, Year 1 Unadjusted Book Balance, August 31, Year 1 True Cash Balance, August 31, Year 1 $ b. Prepare any necessary journal entries to adjust the books to the true cash balance. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet A B Record the entry to correct the error created while recording check for Inventory Note: Enter debits before credits Event General Journal Debit Credit 1 b. Prepare any necessary journal entries to adjust the books to the true cash balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry for office supplies expenses. Note: Enter debits before credits Event General Journal Debit Credit 2