Answered

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Using the following information, prepare a bank reconciliation for Wildhorse Company for July 31, 2022. a. The bank statement balance is $3,700. b. The cash account balance is $4,220. c. Outstanding checks totaled $1,210. d. Deposits in transit are $1,670. e. The bank service charge is $42. f. A check for $75 for supplies was recorded as $57 in the ledger.

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Bank Reconciliation for Wildhorse Company for July 31

Balance as per cash book $4,220

Less:

Bank charges ($42)

Add:

Note collection in bank

Adjusted cash book balance

Add:

Outstanding checks

Less:

Uncleared deposit

Balance as per cash book

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