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Rick Hall owns a card shop, Hall's Cards. The following cash information is avallable for the month of August Year 1 : As of August
Rick Hall owns a card shop, Hall's Cards. The following cash information is avallable for the month of August Year :
As of August the bank statement shows a balance of $ The August unadjusted balance In the Cash account of Hall's Cards is $ A review of the bank statement revealed the following information:
A deposit of $ on August Year does not appear on the August bank statement.
It was discovered that a check to pay for baseball cards was correctly written and pald by the bank for $ but was recorded on the books as $
When checks written during the month were compared with those pald by the bank, three checks amounting to $ were found to be outstanding.
A debit memo for $ was included in the bank statement for the purchase of a new supply of checks.
Requlred:
Prepare a bank reconcilation at the end of August showing the true cash balance.
Note: Negatlve amounts should be Indicated with minus sign.
tableHALLS CARDS,,Bank ReconciliationAugust Year Unad usted Bank Salance, August Year True Cash Balance, August Year $Unadusted eook Ba ance. August Year True Cash Balance August Year c
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