Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information pertains to Wildhorse Compary. 1. Cash balance per bank, July 31,$8,874. 2. July bank service charge not recorded by the depositor $51.
The following information pertains to Wildhorse Compary. 1. Cash balance per bank, July 31,$8,874. 2. July bank service charge not recorded by the depositor $51. 3. Cash balance per books, July 31,$8,976. 4. Deposits in transit, July 31,$3,621. 5. $2,040 collected from a customer for Wildhorse Company in July by the bank through electronic funds transfer. The collection has not been recorded by Wildhorse Company. 6. Outstanding checks, July 31,$1,530. Journalize the adjusting entries at July 31 on the books of Wildhorse Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started