Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August 2016.
As of August 31, the bank statement shows a balance of $10,625. The August 31 unadjusted balance in the Cash account of Hall's Cards is $7,322. A review of the bank statement revealed the following information:
1.A deposit of $1,630 on August 31, 2016, 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 $2,450 but was recorded on the books as $3,350.
3.When checks written during the month were compared with those paid by the bank, three checks amounting to $4,115 were found to be outstanding.
4.A debit memo for $82 was included in the bank statement for the purchase of a new supply of checks.