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The following information pertains to Wildhorse Company. 1. Cash balance per books, August 31,$7,374. 2. Cash balance per bank, August 31,$7,338. 3. Outstanding checks, August
The following information pertains to Wildhorse Company. 1. Cash balance per books, August 31,$7,374. 2. Cash balance per bank, August 31,$7,338. 3. Outstanding checks, August 31,$698. 4. August bank service charge not recorded by the depositor $50. 5. Deposits in transit, August 31, \$3,210. In addition, $2,526 was collected for Wildhorse Company in August by the bank through electronic funds transfer. The collection has not been recorded by Wildhorse Company. Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank \& books first.)
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