Question: value: 4.00 points On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance tor cash of $7,884. Cash receipts yet

 value: 4.00 points On August 31, 2018, the general ledger ofThe Dean Acting Academy shows a balance tor cash of $7,884. Cashreceipts yet to be deposited into the checking account total $3,278, andchecks written by the academy but not yet processed by the banktotal $1,365. The company's balance of cash does not reflect a bankservice fee of $29 and interest earned on the checking account of

value: 4.00 points On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance tor cash of $7,884. Cash receipts yet to be deposited into the checking account total $3,278, and checks written by the academy but not yet processed by the bank total $1,365. The company's balance of cash does not reflect a bank service fee of $29 and interest earned on the checking account of $40. These amounts are included in the balance of cash of $5,982 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.) THE DEAN ACTING ACADEMY Bank Reconciliation August 31, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation

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