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Exercise 7-11 The following information pertains to Wildhorse Company. Cash balance per bank, July 31, $10,788 1 July bank sePrepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) WILDHORSE COMPALINK TO VIDEO LINK TO TEXT Journalize the adjusting entries at July 31 on the books of Wildhorse Company. (Credit account tit

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1) Bank reconciliation

as on July 31,2022

Unadjusted bank Statement 10788
Add: Deposit in transit 4402
1590
Less: Outstanding Checks -1860
Adjusted balance 13330
Balance as per Cash book 10912
Add: Electronic fund transfer 2480
13392
Less: Bank Charges -62
Adjusted balance 13330

Adjusted balance

Date account and explanation Debit Credit
July 31 Cash 2480
Notes receivable 2480
July 31 Bank Charges 62
Cash 62
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