Business, 01.10.2019 19:30, YeshaKira

On august 31, year 1, the general ledger of a company shows a balance for cash of $7,824. cash receipts yet to be deposited into the checking account total $3,218, and checks written by the academy but not yet processed by the bank total $1,305. the company's balance of cash does not reflect a bank service fee of $23 and interest earned on the checking account of $34. these amounts are included in the balance of cash of $5,922 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, year 1. (amounts to be deducted should be indicated with a minus sign.)

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On august 31, year 1, the general ledger of a company shows a balance for cash of $7,824. cash recei...