Homework Help is Here – Start Your Trial Now!
Business
Accounting
Bank Reconciliation. The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $20,110. b. Cash balance according to the bank statement at August 31, $21,210. c. Checks outstanding, $4,080. d. Deposit in transit, not recorded by bank, $3,280. e. A check for $590 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $950. f. Bank debit memo for service charges, $60. Prepare a bank reconciliation, using the format shown in Exhibit 10. WOLFPACK BREAD INC. Bank Reconciliation August 31, 20Y9 Cash balance according to bank statement Adjusted balance. Cash balance according to Wolfpack Bread Inc. Adjusted balance

Bank Reconciliation. The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $20,110. b. Cash balance according to the bank statement at August 31, $21,210. c. Checks outstanding, $4,080. d. Deposit in transit, not recorded by bank, $3,280. e. A check for $590 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $950. f. Bank debit memo for service charges, $60. Prepare a bank reconciliation, using the format shown in Exhibit 10. WOLFPACK BREAD INC. Bank Reconciliation August 31, 20Y9 Cash balance according to bank statement Adjusted balance. Cash balance according to Wolfpack Bread Inc. Adjusted balance

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
See similar textbooks
icon
Related questions
Question

Note:-

  • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
  • Answer completely.
  • You will get up vote for sure.

 

Bank Reconciliation. The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $20,110. b. Cash balance according to the bank statement at August 31, $21,210. c. Checks outstanding, $4,080. d. Deposit in transit, not recorded by bank, $3,280. e. A check for $590 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $950. f. Bank debit memo for service charges, $60. Prepare a bank reconciliation, using the format shown in Exhibit 10. WOLFPACK BREAD INC. Bank Reconciliation August 31, 20Y9 Cash balance according to bank statement Adjusted balance. Cash balance according to Wolfpack Bread Inc. Adjusted balance
Transcribed Image Text:Bank Reconciliation. The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $20,110. b. Cash balance according to the bank statement at August 31, $21,210. c. Checks outstanding, $4,080. d. Deposit in transit, not recorded by bank, $3,280. e. A check for $590 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $950. f. Bank debit memo for service charges, $60. Prepare a bank reconciliation, using the format shown in Exhibit 10. WOLFPACK BREAD INC. Bank Reconciliation August 31, 20Y9 Cash balance according to bank statement Adjusted balance. Cash balance according to Wolfpack Bread Inc. Adjusted balance
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS