Question: Problem 4-19A (Static) Preparing a bank reconciliation LO 4-3 Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the

 Problem 4-19A (Static) Preparing a bank reconciliation LO 4-3 Rick Hall

Problem 4-19A (Static) Preparing a bank reconciliation LO 4-3 Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August, Year 3. As of August 31, the bank statement shows a balance of $16,140. The August 31 unadjusted balance in the Cash account of Hall's Cards is $14,100. A review of the bank statement revealed the following information: 1. A deposit of $4150 on August 31, Year 3 does not appear on the August bank statement 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $4,500 but was recorded on the books as $5,400 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $5,370 were found to be outstanding 4. A debit memo for $80 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 (Negative amounts should be indicated with minus sign.) HALL'S CARDS Bank Reconciliation August 31. Year 3 Unadjusted Bank Balance August 31, Year 3 Add. Deposit in transit Loss Outstanding checks True Cath Balance, August 31. Year 3 Unadjusted Book Balance August 31. Year a $ 0

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