Required Information

CP$5-3($Algo$)$ Identifying Outstanding Checks and Deposits in Transit and Preparing a Bank

Reconciliation and Journal Entries $[$LO $5-4,$ LO $5-5]$

$[$The following information applles to the questions displayed below.$]$

The August bank statement and cash T$-$account for Martha Company follow:

No deposits were in transit and no checks were outstanding at the end of July.

CP$5-3($Algo$)$ Part $3$

Prepare a bank reconcillation for August.

TIP: Any Item In the accounting records without check marks should appear on the bank statement sIde of the bank reconcillation. Any

Items in the bank statement without check marks should appear on the company's books side of the bank reconcillation.

Answer is complete but not entirely correct.