On October 31, 2021. Wildhorse Company had a cash balance per books of $8,967. The bank statement on that date showed a balance of $10.160. A comparison of the statement with the Cash account revealed the following: 1. 2. 3. The statement included debit memos of $40 for the printing of additional company cheques and $35 for bank service charges. Cash sales of $639 on October 12 were deposited in the bank. The journal entry to record the cash receipt and the deposit slip were incorrectly made out and recorded by Wildhorse as $963. The bank detected the error on the deposit slip and credited Wildhorse Company for the correct amount The September 30 deposit of $990 was included on the October bank statement. The deposit had been placed in the bank's night deposit vault on September 30. The October 31 deposit of $965 was not included on the October bank statement. The deposit had been placed in the bank's night deposit vault on October 31. Cheques # 1006 for $420 and #1072 for $980 were outstanding on September 30 of these, w 1072 cleared the bank in October. All the cheques written in October except for #1278 for $550, #1284 for $640 and #1285 for $320 had cleared the bank by October 31 On October 18, the company issued cheque #1181 for $568 to Helms & Co. on account. The cheque, which cleared the bank in October, was incorrectly journalized and posted by Wildhorse Company for $685. A review of the bank statement revealed that Wildhorse Company received electronic payments from customers on account of $1,880 in October. The bank had also credited the account with $30 of interest revenue on October 31. Wildhorse had no previous notice of these amounts. 5. 6. 7. 8. 9. Included with the cancelled cheques was a cheque issued by Lasik Company for $590 that was incorrectly charged to Wildhorse Company by the bank. On October 31, the bank statement showed an NSF charge of $810 for a cheque issued by W. Hoad, a customer to Wildhorse Company on account. This amount included a $21 service charge by the bank. The company's policy is to pass on all NSF lees to the customer Prepare the bank reconciliation at October 31, (List items that increase balance as per bank & books first.) WILDHORSE COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank statement Add vi Deposit in transit Bankerror-Wildhorse cheque Cash balance per bank statement Add Deposit in transit Bunkerror-Wildhorse cheque less v Outstanding cheques Error in recordinis cheque 1181 for Accounts Payable $ Cash balance per books Add: Interest revenue EFT deposits of Accounts Payable Less NSF cheque Bank service charge Error in Oct. 12 deposit of cash sales Cheque printing charge $ Adjusted cash balance per books - . - 1 e 1 Question 5 of 5 Date Account Titles and Explanation -/2 Debit Credit Oct 31 To correct error in recording ches to record electron receipt from customer interested Oct To record NSF Cherie curand to