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the last day of each month. The Auguast 2021 bank statoment inichuded the following informatian. The companyl general ledser account had a balance of $38,918
the last day of each month. The Auguast 2021 bank statoment inichuded the following informatian. The companyl general ledser account had a balance of $38,918 at the end of August. Deposits outstandicis totaled S6,i00 and an checks whit in ity the company were processed by the bank except for thove totaling $8,420. in addition, a $2.000 Auguist deposit from a credit customer was recordend as a 5200 debit to cash and credit to accounts receivable. and a check correctly recorded by the compary as a 530 dinharpemient was incorretily processed by the bank as a $300 disbursement Required: 1. Prepare a biak reconciliation for the month of August. Prepare the necessary journal entries (in proper form) at the end of Ausust to adjust the general ledger cash account
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