Problem 7 SA On July 31, Wildhorse Ltd. had a cash balance of $12,669 in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $21,511. A comparison of the bank statement with the Cash account revealed the following 1 The bank statement included service charges and credit card fees of $109. 2. The bank statement included electronic collections from customers on account totaling $5,259. Wildhorse had not recorded the EFT. 3. A deposit of $3,127 made by another company was incorrectly added to Wildhorse's account by the Caisse Populaire. 4. Salaries of $4,204 were paid electronically during the month. The company has already recorded these 5. Cheques outstanding on June 30 totalled $2,719. Of these, $2,154 worth cleared the bank in July. All cheques written in July cleared the bank in July Prepare the bank reconciliation at July 31. (List items that increase balance as per bank a books first.) WILDHORSE LTD. Bank Reconciliation July 31 Cash balance per bank statement 21511 Less Outstanding cheques 565 Deposit incorrectly posted by bank (3127)