Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
WILDHORSE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7388 7388 Add Deposits in transit 3760 11148 Outstanding checks 709 i Adjusted
WILDHORSE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7388 7388 Add Deposits in transit 3760 11148 Outstanding checks 709 i Adjusted cash balance per bank 10439 Cash balance per books 7424 Add 4 Collection on electronic funds transfer 3076 10500 Bank service charge 61 i Adjusted cash balance per books 10439 Journalize the adjusting entries at August 31 on the books of Wildhorse Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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