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The following information pertains to Wildhorse Video Company. 1. Cash balance per bank, July 31, $7,473. 2. July bank service charge not recorded by the
The following information pertains to Wildhorse Video Company. 1. Cash balance per bank, July 31, $7,473. 2. July bank service charge not recorded by the depositor $66. 3. The bank erroneously charged another company's $810 check against Wildhorse' account. 4. Cash balance per books, July 31, $8,894. 5. The bank charged Wildhorse account $460 for a customer's NSF check. 6. Deposits in transit, July 31, $2,420. 7. 8. Wildhorse recorded a cash receipt from a customer for rent revenue as $64. The bank correctly recorded it at $46. Bank collected $1,486 from a customer's note receivable for Wildhorse in July through electronic funds transfer. The collection has not been recorded by Wildhorse. 9. Outstanding checks, July 31, $867. Prepare a bank reconciliation for July 31. (List items that increase balance as per bank & books first.) WILDHORSE VIDEO COMPANY Bank Reconciliation 5 List of Accounts Prepare a bank reconciliation for July 31. (List items that increase balance as per bank & books first.) WILDHORSE VIDEO COMPANY Bank Reconciliation Adjusted cash balance per bank Bank error Bank service charge Book error Cash balance per bank statement Deposits in transit Electric funds transfer received NSF check Outstanding checks
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