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Journalize the adjusting entries at August

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Reference no: EM132571995

Question - The following information pertains to Wildhorse Company.

Cash balance per books, August 31, $7,374.2.

Cash balance per bank, August 31, $7,338.3.

Outstanding checks, August 31, $698.4.

August bank service charge not recorded by the depositor $50.5.

Deposits in transit, August 31, $3,210.

In addition, $2,526 collected for Wildhorse Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Wildhorse Company.

Required - Journalize the adjusting entries at August 31 on the books of Wildhorse Company.

Reference no: EM132571995

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