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On August 31, Wildhorse Company had an unadjusted cash balance of $9,600. An examination of the August bank statement shows a balance of $8,540 on

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On August 31, Wildhorse Company had an unadjusted cash balance of $9,600. An examination of the August bank statement shows a balance of $8,540 on August 31, bank service charges of $21. deposits in transit of $2,560, interest earned of $13, outstanding cheques of $1,658, and an NSF cheque of $150. Prepare a bank reconciliation at August 31. (List Items that increase balance as per bank & books first) Wildhorse Company Bank Reconciliation August 31 8540 Cash balance perbank Add Deposits in trait 2560 ? Outstanding cheques 1658 9442 Adjusted cashbance perbank Cashbalance per books 9600 Cash balance per books 9600 Add Interest earned 13 2 150 1 NSF cheque 21 Service charge $ 9442 Adjusted cash balance per books

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