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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 3. As of August 31,

image text in transcribed Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August, Year 3. As of August 31, the bank statement shows a balance of $10,955. The August 31 unadjusted balance in the Cash account of Hall's Cards is $7,517. A review of the bank statement revealed the following information: 1. A deposit of $1,810 on August 31, Year 3, 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 $3,180 but was recorded on the books as $4,080. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,410 were found to be outstanding. 4. A debit memo for $62 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. (Negative amounts should be indicated with minus sign.)

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