Wildhorse Company maintains a checking account at Imura Bank. At July $31,$ selected data from the ledger balance and the bank

statement are shown below.

Analysis of the bank data reveals that the credits consist of $$78,993$ of July deposits and a credit memorandum of $$4,967$ for the

collection of a $$4,890$ note plus interest revenue of $$77.$ The July debits per bank consist of checks cleared $$75,183$ and a debit

memorandum of $$63$ for printing additional company checks.

You also discover the following errors involving July checks. $(1)$ A check for $$230$ to a creditor on account that cleared the bank in July

was journalized and posted as $$320.(2)$ A salary check to an employee for $$255$ was recorded by the bank for $$155.$

The June $30$ bank reconciliation contained only two reconciling items: deposits in transit $$8,490$ and outstanding checks of $$6,690.$

Prepare a bank reconciliation at July $31,2022.($List items that increase cash balance first.$)$

WILDHORSE COMPANY

Bank Reconciliation