PULLOIN PRITVE Question 23 When the accountant of Wildhorse Company prepared the bank reconciliation on May 11, 2021, there were three outstanding cheques: #090 for $31,693 for $181 and 59 for $271 There were no deposits in transit as at May 31, 2021. The bank balance at May 31 was $17,684. The balance in the cash account on the May 31, 2001, adjusted trial balance was $16,931. The following is selected information from the June bank statement Date June 1 5 6 13 20 23 24 Cheques Cleared Cheque No. Amount $311 709 3,261 693 181 210 1,491 212 4,355 119 471 711 1.791 Other Bank Account Transactions Date Amount Transaction June 3 $3,321 Deposit 10 5,381 Deposit 12 3,280 Deposit 24 2.142 Deposit 225 -192 NSF cheque 22 -501 EFT insurance payment 30 Service charge 30 46 Interest The NSF cheque was original received from a customer, Mass Co., In payment of As account of $166. The bank included a 126 service targe for a total of $192. formation from the company mocounting records follows: The NSF cheque was originally received from a customer, Massif Co., In payment of its account of $166. The bank icluded a $26 service charge for a total of 519. Information from the company's accounting records follows: Cash Receipts Date Amount June 2 $3,321 9 5,351 17 3,826 23 2.142 30 3.121 Cash Payments Date Cheque No. Amount June S 708 $2.911 5 709 3,261 19 711 1,791 19 712 4,535 27 713 3,061 27 714 3,861 Investigation reveals that cheque #712 was issued to purchase equipment and cheque 3710 Wessed to pay an account payable Al deposits are for collection of counts receivable Thebe made one error: cheque #119 for Wildhorse Co. Ltd. was charged to Wichorse's bank account. The company's policy is to pass on all NSF service changes to the customer Calculate the balance per bank statement at June 30 and the unadjusted Cash belance per company records at June 30 Uradjusted Dank balance June 30, 2021 Calculate the balance per bank statement at June 30 and the unadjusted Cash balance per company records at June 30 unadjusted bank balance, June 30, 2021 Unadjusted cash balance, June 30, 2021 Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first.) WILDHORSE COMPANY Bank Reconciliation June 30, 2021 10. A Prepare the necessary adjusting entries at June 30. (Credit account titles are automatically indented when the amount is entered. Do not intentam. Inary select "Ne Entry for the account titles and enter for the amounts.) Debit Credit Date Account Tities and Explanation June 30 To record interest eamed & to correct error in cheque payment) June 30 To record correction of deposit error, NSF cheque and other cash receipts and payments) What balance would Wildhorse Company report as cash in the current assets section of its balance sheet on June 30, 2021? Cash balance on the June 30, 2021 s