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The balance in Happ Incorporated's general ledger Cash account was $13,090 at August 31, before reconciliation. The August 31 balance shown in the bank
The balance in Happ Incorporated's general ledger Cash account was $13,090 at August 31, before reconciliation. The August 31 balance shown in the bank statement was $11,730. Reconciling items included deposits in transit, $1,260; bank service charges, $100; NSF check written by a customer and returned with the bank statement, $510; outstanding checks, $440; and interest credited to the account during September but not recorded on the company's books, $70. Required: a. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items for Happ Incorporated at August 31. b. What is the amount of cash to be included in the August 31 balance sheet for the company's bank account? Complete this question by entering your answers in the tabs below. Required A Required B Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items for Happ Incorporated at August 31. Note: Enter decreases to account balances with a minus sign. Assets (620) = 510= Cash Accounts receivable Balance Sheet Liabilities Stockholders' Equity Net Income + Interest reve + Required A Required B >
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