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The following information pertains to Wildhorse Company, 1 2 3. Cash balance per books, August 31, 57,424 Cash balance per bank, August 31. $7,388, Outstanding

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The following information pertains to Wildhorse Company, 1 2 3. Cash balance per books, August 31, 57,424 Cash balance per bank, August 31. $7,388, Outstanding checks, August 31, 5709. August bank service charge not recorded by the depositor $61. Deposits in transit. August 31, 53,760. 5 In addition, $3,076 collected for Wildhorse Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Wildhorse Company Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) WILDHORSE COMPANY Bank Reconciliation August 31, 2022 7358 Cash balance per bank statement Add Deposits in transit 2700 Outstanding checks Journalize the adjusting entries at August 31 on the books of Wildhorse Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge) M

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