Wyatt Ltd. is unable to reconcile the bank balance at January 31. Wyatts reconciliation is as follows.

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Wyatt Ltd. is unable to reconcile the bank balance at January 31. Wyatt’s reconciliation is as follows. image text in transcribed

Instructions

a. Prepare a correct bank reconciliation.

b. Journalize the entries required by the reconciliation.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 04, 2024 04:26 AM

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Wyatt Ltd. is unable to reconcile the bank balance at January 31. Wyatts reconciliation is as follows.

Question:

Cash balance per bank 3,560.20 Add: NSF check 490.00 Less: Bank service charge Adjusted balance per bank 4,025.20 25.00 Cash balance per books 3,875.20 Less: Deposits in transit 530.00 Add: Outstanding checks 730.00 Adjusted balance per books 4,075.20

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Financial Accounting With International Financial Reporting Standards

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