3. The following information was available for Wild Oat Company for the month ended May 31,...

 

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3. The following information was available for Wild Oat Company for the month ended May 31, 2020. (a) The book balance at May 31, 2020 was $6,890.22. (b) The bank balance at May 31, 2020 was $8,660.22. (c) Outstanding cheques amounted to $6,310. (d) The may 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement. (e) A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques. (f) A customer's note for $1,000 was collected by the bank. In addition interest on the note was $110. Prepare a bank reconciliation for Wild Oat Company at May 31, 2020. 3. The following information was available for Wild Oat Company for the month ended May 31, 2020. (a) The book balance at May 31, 2020 was $6,890.22. (b) The bank balance at May 31, 2020 was $8,660.22. (c) Outstanding cheques amounted to $6,310. (d) The may 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement. (e) A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques. (f) A customer's note for $1,000 was collected by the bank. In addition interest on the note was $110. Prepare a bank reconciliation for Wild Oat Company at May 31, 2020.

Answer rating: 100% (QA)

WILD OAT COMPANY Bank Reconciliation At May 31 2020 Bank statement ... View the full answer