The August, current year, bank statement for Allison Company and the August current year ledger account for cash follow BANK STATEMENT Checks and EFS Deposits $350 $11850 Date Aug 1 2 3 4 5. 9 10 15 21 24 25 30 30 31 520 285 805 155 EFT Balance $18.310 17,960 29,810 29,290 29,005 28.200 28.045 32645 32 380 12,380 19.330 18 530 21.580 21420 4600 265 $20,000 6950 800 EFT 3.050 160 + $3,050 interest collected Bank service charge Aug. 1Balance 17155 Deposits Aug 2 12 24 31 11,850 4.600 6.950 Cash Checks written and clectronic funds transfers Aug 2 4 15 17 18 20 23 EFT 155 805 230 460 EFT 800 265 20,000 6100 Outstanding checks at the end of July were for $285, 5520 and 5350 No deposits were in transit at the end of July 10. value 8.00 points 3. Prepare a bank reconciliation for August ALLISON COMPANY Bank Reconciliation, August 31. Current Year Company's Books Bank Statement Ending balance per cash account Ending balance per bank statement Additions: Additions: Deductions: Deductions: Correct cash balance Correct cash balance