Question: ework 6 Ullaunchurl=http%253A%252F%252Fnewconnect.meducation.com 252F#/activit Saved Help Save & E On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for

 ework 6 Ullaunchurl=http%253A%252F%252Fnewconnect.meducation.com 252F#/activit Saved Help Save & E On August
31, 2021, the general ledger of The Dean Acting Academy shows a
balance for cash of $7,944. Cash receipts yet to be deposited into

ework 6 Ullaunchurl=http%253A%252F%252Fnewconnect.meducation.com 252F#/activit Saved Help Save & E On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,944. Cash receipts yet to be deposited into the checking account total $3,338, and checks written by the academy but not yet processed by the bank total $1425. The company's balance of cash does not reflect a bank service fee of $35 and interest earned on the checking account of 546. These amounts are included in the balance of cash of $6,042 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 Company's Cash Balance Per General Ledger Bank's Cash Balance Per Bank Statement Bank Balance per Reconciliation Company Balance per Reconciliation 2. Record the necessary entryies) 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.) View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!