Prepare a correct bank reconciliation for wildhorse

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Reference no: EM132698125

Wildhorse is unable to reconcile the bank balance at January 31. Wildhorse's reconciliation is as follows.

Cash balance per bank$3,860.20

Add: NSF check540.00

Less: Bank service charge31.00

Adjusted balance per bank$4,369.20

Cash balance per books$4,175.20

Less: Deposits in transit680.00

Add: Outstanding checks936.00

Adjusted balance per books$4,431.20

Problem 1: Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

Reference no: EM132698125

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