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

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Definitions:

Specific Behaviors

Actions or reactions of an individual in response to external or internal stimuli, which can be observed and measured.

Aggregated Behaviors

The sum or collection of individual actions or responses observed over a period of time, providing insights into overall patterns or trends.

Accurate

Correct in all details; exact.

Variables

Elements or factors that can change and affect the outcomes of scientific research or experiments, including independent, dependent, and control variables.