mewor eBook Bank Reconciliation Show Me How Video The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 2019: a. Cash balance according to the company's records at August 31, $6,865. b. Cash balance according to the bank statement at August 31, $9.165. c. Checks outstanding, $2,855. d. Deposit in transit, not recorded by bank, $1,075. e. A check for $280 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $820. f. Bank debit memo for service charges, $20. Prepare a bank reconciliation, using the format shown in Exhibit 10. WOLFPACK BREAD INC. Bank Reconciliation August 31, 2019 Cash balance according to bank statement 9.165 Add outstanding checks x 2.855 x 6.310 X Deduct deposit in transit, not recorded by bank x 1.780 X Adjusted balance 7.385 Cash balance according to Wolfpack Bread Inc. 6.865 Deduct error in recording check as $820 instead of $280 x 540 6,865 Add bank service charges X Adjusted balance 20 7.385 Feedback Check My Work A bank reconciliation is usually divided into two sections: one for the company book balance and the other for the bank balan- adjusted balances in the bank and company sections of the bank reconciliation must be equal. If not, an item must have beers