On august 31, year 1, the general ledger of a company shows a balance for cash of $7,844. cash receipts yet to be deposited into the checking account total $3,238, and checks written by the academy but not yet processed by the bank total $1,325. the company's balance of cash does not reflect a bank service fee of $25 and interest earned on the checking account of $36. these amounts are included in the balance of cash of $5,942 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.)