Question

< Question 1 of 1 receivable collection has not been recorded Wildhorse Company. Your answer is correct. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) WILDHORSE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement $ 7338 Add : Deposits in transit 3210 10548 Less : Outstanding checks 698 Adjusted cash balance per bank $ 9850 Cash balance per books $ 7374 Add : Collection on electronic funds transfer 2526 9900 Less Bank service charge 50 i Adjusted cash balance per books $ 9850 eTextbook and Media List of Accounts W

Answer 1

Journal

Aug. 31	Cash	2,526
	Accounts receivable		2,526
	(To record electronic fund transfer received by bank)
Aug. 31	Bank service expense	50
	Cash		50
	(To record bank service charge)

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