Rick Hall owns a card shop, Hall ? s Cards. The following cash information is available for
Question:
Rick Hall owns a card shop, Halls Cards. The following cash information is available for the month of August, Year
As of August ?the bank statement shows a balance of $ ?The August ?unadjusted balance in the Cash account of Halls Cards is $ ?A review of the bank statement revealed the following information:
A deposit of $ ?on August ?Year ?does not appear on the August bank statement.
It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $ ?but was recorded on the books as $
When checks written during the month were compared with those paid by the bank, three checks amounting to $ ?were found to be outstanding.
A debit memo for $ ?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.