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Problem 7-3A (Part Level Submission) On July 31, 2017, Wildhorse Co, had a cash balance per books of $5,290.00, The statement from Dakota State Bank
Problem 7-3A (Part Level Submission) On July 31, 2017, Wildhorse Co, had a cash balance per books of $5,290.00, The statement from Dakota State Bank on that date showed a balance of $7,840.80. A comparison of the bank statement with the Cash account revealed the following facts. 7,040.80A 1. The bank service charge for July was $19.00. 2. The barnk collected $1,570.00 for Wildhorse Co. through electronic funds transfer 3. The July 31 receipts of $1,350.3D were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31 4. Company check No. 2480 issued to L. Taylor,a creditor, for $354.ID that deared the bank in July was incorrectly entered in the cash payments journal on July 1a for $345.00 5. Checks outstanding on July 31 totaled $1,983.1 6, on July 31, the bank statement showed an NSF charge of $725.00 for a check received by the company from w. Krueger, a customer, on account. (a) Prepare the bank recunitiliati t incredse as of July 31. (List itens Ual increase balance as per bank & books firsLJ Rank
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