The necessary adjustment to Hubbard Transport's accounting records as of August 31 includes a net:

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The necessary adjustment to Hubbard Transport's accounting records as of August 31 includes a net increase to Cash of $3,681. This is because the unrecorded deposit of $2,400 should be added to Cash, the outstanding check of $1,051 should be deducted from Cash, and the bank collected a service charge of $50, which should also be deducted from Cash. Therefore, the net increase to Cash would be $2,400 - $1,051 - $50 = $1,299. This amount should be added to the Cash balance as of August 31, resulting in a total increase to Cash of $3,681.

The Necessary Adjustment to Hubbard Transport's Accounting Records as of August