Wolfe Company made the following journal entries related to its bank reconciliation for October 31, 2013: Required:
a) Assuming that the unadjusted cash balance on Wolfe's books was $7,354.28, what was the true cash balance at the end of the month?
b) Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Question

Wolfe Company made the following journal entries related to its bank reconciliation for October 31, 2013:  Required:
a) Assuming that the unadjusted cash balance on Wolfe's books was $7,354.28, what was the true cash balance at the end of the month?
b) Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Quizplus · Accepted Answer

The Answer of Wolfe Company made the following journal entries related to its bank reconciliation for October 31, 2013:  Required:
a) Assuming that the unadjusted cash balance on Wolfe's books was $7,354.28, what was the true cash balance at the end of the month?
b) Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Wolfe Company Made the Following Journal Entries Related to Its