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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

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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 bank statement shows a balance of $12,390. The August 31 unadjusted balance in the Cash account of Hall's Cards is $8,897. A review of the bank statement revealed the following information: 1. A deposit of $1,500 on August 31, 2016, 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 $1,740 but was recorded on the books as $2,640 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,165 were found to be outstanding. 4. A debit memo for $72 was included in the bank statement for the purchase of a new supply of checks. 2. value: 5.00 points Required a. Prepare a bank reconciliation at the end of August showing the true cash balance. HALL'S CARDS Bank Reconciliation August 31, 2016 Unadjusted Bank Balance, August 31, 2016 0 True Cash Balance, August 31, 2016 Unadjusted Book Balance, August 31, 2016 True Cash Balance, August 31, 2016 0

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