Question: Help Save & Exit Submit Saved Problems Check my work Wright Company deposits all cash receipts on the day when they are received and t
Help Save & Exit Submit Saved Problems Check my work Wright Company deposits all cash receipts on the day when they are received and t makes all cash paymeris oy check At the close of business on May 31, its Cash account shows a $29700 debit balance. The company's May 31 bank statement shows $28,000 on deposit in the bank Book t recorded the cost of these services. b. Outstanding checks as of May 31 total $6,700 c. May 31 cash receipts of $7.300 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement d. In reviewing the bank statement, a $510 check written by Smith Company was mistakenly drawn against Wright's account e The bank statement shows a $380 NSF check from a customer, the company has hot yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information. WRIGHT COMPANY Bank Reconciliation May 31 Book balance Bank statemet balance Add Add Prev 8 of E Next> Show al 6,1 13ppt Chot,06.1.pspt 37 PM Type here to search
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