Bank Reconciliation The following data were accumulated for use in reconciling the bank account of...
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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,$25,510. b. Cash balance according to the bank statement at August 31,$26,840. c. Checks outstanding, $5,180. d. Deposit in transit, not recorded by bank, $4,160. 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, $50. Prepare a bank reconciliation, using the format shown in Exhibit 10
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