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The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the
The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the company's records at August 31,$26,120. b. Cash balance according to the bank statement at August 31,$27,490. c. Checks outstanding, $5,300. d. Deposit in transit, not recorded by bank, $4,260. e. A check for $480 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $840. f. Bank debit memo for service charges, $30. Prepare a bank reconciliation, using the format shown in Exhibit 10
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