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Exercise 7-9 Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows. Cash balance per bank $4,320.20 Add:
Exercise 7-9 Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows. Cash balance per bank $4,320.20 Add: NSF check 310.00 Less: Bank service charge 30.00 $4,600.20 Adjusted balance per bank Cash balance per books $4,635.20 Less: Deposits in transit 910.00 Add: Outstanding checks 935.00 $4,660.20 Adjusted balance per books Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.) Don Wyatt Bank Reconciliation January 31 Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit 1. (To record NSF check.) 2
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