The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for
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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, $6,865.
b. Cash balance according to the bank statement at August 31, $9,165.
c. Checks outstanding, $2,855.
d. Deposit in transit, not recorded by bank, $1,075.
e. A check for $280 issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $820.
f. Bank debit memo for service charges, $20.
Prepare a bank reconciliation, using the format shown in Exhibit 10.
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