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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,

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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 $12,240, The August 31 unadjusted balance in the Cash account of Hall's Cards is $8,386. A review of the bank statement revealed the following information 1. A deposit of $1,410 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 $2.050 but was recorded on the books as $2,950 3. When checks written during the month were compared with those paid by the bank, three checks amounting to 54,415 were found to be outstanding 4. A debit memo for $51 was included in the bank statement for the purchase of a new supply of checks Required 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, Yoar 1 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 True Cash Balance, August 31, Year 1 Unadjusted Book Balance, August 31, Year 1 $ 0 True Cash Balance, August 31, Year 1 $ 0 o LO

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