Exercise 7-8 (Part Level Submission) The following information is for Wildhorse Ltd. in July: 1. Cash balance per bank, July 31, $10,740. 2. Cash balance per books, July 31, $9,054. 3. Bank service charge, $50. 4. Deposits in transit, $1,959. 5. Electronic receipts from customers in payment of their accounts, $946, not previously recorded by the company. 6. Outstanding cheques, $2,389. 7. Cheque #373 was correctly written in the amount of $590 but was incorrectly recorded by the company's bookkeeper as $950. The cheque was written for the purchase of office supplies. Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) WILDHORSE LTD. Bank Reconciliation July 31 TCash balance per bank statement 10,740 cess T Reconciled cash balance per bank T Cash balance per books Add 4 T Reconciled cash balance per books