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The following information relates to Wildhorse Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $21,660. During the month of July, Wildhorse
The following information relates to Wildhorse Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $21,660. During the month of July, Wildhorse recorded cash receipts of $24,340 and cash payments of $15,430 in the general ledger Cash account. At July 31, Wildhorse Limited had an reconciled cash balance of $30,570. An examination of the company's July bank statement shows a balance of $19,553 on July 31 ; outstanding cheques $3,923; deposits in transit $1,743; EFT collections on account that were not yet recorded on the books $2,188; NSF cheque $1,252; NSF fee $68; and bank service charges $108. Prepare the necessary journal entries required on July 31 for Wildhorse. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) D Jul
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