Rick Hall owns a card shop: Halls 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 $12,130. The August 31 unadjusted balance in the Cash account of Halls Cards is $8,476. A review of the bank statement revealed the following information:

1. A deposit of $1,530 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 $3,830 but was recorded on the books as $4,730.
3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,330 were found to be outstanding.
4. A debit memo for $46 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.

Rick Hall owns a card shop: Halls 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 $12,130. The August 31 unadjusted balance in the Cash account of Halls Cards is $8,476. A review of the bank statement revealed the following information:

1. A deposit of $1,530 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 $3,830 but was recorded on the books as $4,730.
3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,330 were found to be outstanding.
4. A debit memo for $46 was included in the bank statement for the purchase of a new supply of checks.

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.)