Solved

The Following Information Was Available for Wild Oat Company for the Month

Question 49

Essay

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\$ 6,890.22 .
(b) The bank balance at May 31,2020 was $8,660.22\$ 8,660.22
(c) Outstariding cheques armounted to $6,310\$ 6,310 .
(d) The may 31 st cash receipts of $5,600\$ 5,600 were deposited but have not yet appeared on the bank statement.
(e) A $50\$ 50 debit memorardum for cheques prirted by the bank was included with the caricelled cheques.
(f) A customer' 5 note for $1,000\$ 1,000 was collected by the bank. In addition interest on the Dote was $110\$ 110 Prepare a bank reconciliation for Wild Oat Company at May 31, 2020.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions