Question: I need help with this question, please! Thank you information given: On August 31, 2018, the general ledger of The Dean Acting Academy shows a

I need help with this question, please!

Thank you

information given:

On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance for cash of $7,894. Cash receipts yet to be deposited into the checking account total $3,288, and checks written by the academy but not yet processed by the bank total $1,375. The company's balance of cash does not reflect a bank service fee of $30 and interest earned on the checking account of $41. These amounts are included in the balance of cash of $5,992 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, 2018. (Amounts to be deducted should be indicated with a minus sign.)

2-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.)

I need help with this question, please! Thank you information given: On

August 31, 2018, the general ledger of The Dean Acting Academy shows

a balance for cash of $7,894. Cash receipts yet to be deposited

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