Business, 02.04.2021 20:10 kajtazi7670

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,864. Cash receipts yet to be deposited into the checking account total $3,258, and checks written by the academy but not yet processed by the bank total $1,345. The company's balance of cash does not reflect a bank service fee of $27 and interest earned on the checking account of $38. These amounts are included in the balance of cash of $5,962 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021. (Amounts to be deducted should be indicated with a minus sign.)
THE DEAN ACTING ACADEMY
Bank Reconciliation
August 31, 2021
Bank's Cash Balance Company's Cash Balance
Per Bank Statement Per General Ledger
Bank Balance per Reconciliation Company Balance per Reconciliation
Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,864...

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