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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 is available
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 $13,060. The August 31 unadjusted balance in the Cash account of Hall's Cards is $8,823. A review of the bank statement revealed the following information: 1. A deposit of $1,080 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 $3,665 but was recorded on the books op $4,565. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,445 were found to be outstanding. 4. A debit memo for $28 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary journal entries to adjust the books to the true cash balance. (If no entry is required fo ransaction/event, select "No journal entry required" in the first account field.) transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to correct the error created while recording check for inventory. Note: Enter debits before credits
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