Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August 2018: As of August 31, the bank statement shows a balance of $12,415. The August 31 unadjusted balance in the Cash account of Hall's Cards is $8,074. A review of the bank statement revealed the following information: 1. A deposit of $1,250 on August 31, 2018, 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 $3,900 but was recorded on the books as $4,800. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,765 were found to be outstanding. 4. A debit memo for $74 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, 2018 Unadjusted Bank Balance, August 31, 2018 True Cash Balance, August 31, 2018 Unadjusted Book Balance, August 31, 2018 True Cash Balance, August 31, 2018 The April 30 bank statement for Trimble Corporation shows an ending balance of $34,351. The unadjusted cash account balance was $28,250. The accountant for Trimble gathered the following information: 1. There was a deposit in transit for $4,240. 2. The bank statement reports a service charge of $39. 3. A credit memo included in the bank statement shows interest earned of $95. 4. Outstanding checks totaled $10,935. 5. The bank statement included a $650 NSF check deposited in April. What is the true cash balance as of April 307 Multiple Choice $27,656 $27,006 o $31,801 o $31,896 Which of the following is not a generally recognized internal control procedure? Multiple Choice Establishment of clear lines of authority Having employees covered by a fidelity bond Requiring regular vacations for certain employees Customer service comment cards Chester Company has established internal control policies and procedures in order to achieve the following objectives: 1) Effective evaluation of management performance. 2) Assure that the accounting records contain reliable information. 3) Safeguard the company's assets. 4) Assure that employees comply with company policy. Which of these objectives are achieved by accounting controls? Multiple Choice Objectives 1 and 2 o Objectives 2 and 3 o Objectives 3 and 4 o o All four objectives