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Rick Hall owns a card shop. Hall's Cards. The following cash information is available for the month of August 2016. As of August 31, the
Rick Hall owns a card shop. Hall's Cards. The following cash information is available for the month of August 2016. As of August 31, the bank statement shows a balance of $13, 395. The August 31 unadjusted balance in the Cash account of Hall's Cards is $9, 373. A review of the bank statement revealed the following information: A deposit of $1, 770 on August 31. 2016. does not appear on the August bank statement. It was discovered that a chock to pay for baseball cards was correctly written arid paid by the bank for $1, 945 but was recorded on the books as $2, 845. When checks written during the month were compared with those paid by the bank, three checks amounting to $4, 925 were found to be outstanding. A debit memo for $33 was Included in the bank statement for the purchase of a new supply of checks. Value 25.00 points Required Prepare a bank reconciliation at the end of August showing the true cash balance
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