Answered

Get detailed and accurate answers to your questions on IDNLearn.com. Find the answers you need quickly and accurately with help from our knowledgeable and dedicated community members.

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 :

Ayokenny2001idn

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

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.