Rick Hall owns a card shop, Halls 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 $11,950. The August 31 unadjusted balance in the Cash account of Halls Cards is $7,570. 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 $4,070 but was recorded on the books as $4,970.
3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,910 were found to be outstanding.
4. A debit memo for $20 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.