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Rick Mall owns a card shop. Hail's Cords. The following cash information is available for the month of Aupust, Year 3 As of August 31,

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Rick Mall owns a card shop. Hail's Cords. The following cash information is available for the month of Aupust, Year 3 As of August 31, the bank statoment shows a balance of $12,190. The August 31 unadjusted balance in the Cash account of Halls Cards is $8,548. A review of the bank statement revoaled the following information. 1. A deposit of $1,330 en August 31, Yeat 3, does not appear on the August bank statement 2. It was discovered that a check to pay for bascbalt cards was cortectly written and pald by the bank for $4,020 but was fecorded on the books as $4,920. 3. When checks written during the month were compared with those paid by the bank, three checks arnounting to $4,120 were found to be outstanding. 4. A debit memo for $48 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 Note: Negative amounts should be indicated with minus sign

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