Exercise $4-10($Algo$)$ Calculate the balance of cash using a bank reconciliation $($LO$4-5)$

On August $31,2024,$ the general ledger of Brusher Man Vacuum shows a balance for cash of $$7,754.$ Cash receipts yet to be deposited into the checking account total $$3,204.$ The company's balance of cash does not reflect a debit card payment for the purchase of postage expense $($$$94)$ or an electronic funds transfer for rent expense $($$$1,235).$ The bank statement also revealed the company recorded a debit card transaction for supplies of $$419,$ but the actual amount was $$519.$ These amounts are included in the balance of cash of $$3,121$ reported by the bank as of the end of August.

Required:

Prepare a bank reconciliation to calculate the correct ending balance of cash on August $31,2024.$

Record the necessary entry$($ies$)$ to adjust the balance for cash.

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Prepare a bank reconciliation to calculate the correct ending balance of cash on August $31,2024.($Amounts to be deducted should be indicated with a minus sign.$)$