Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650...

 

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Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposit at the close of business on August 31. a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $190 NSF check from a customer; the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1,820. d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of these services. QS 6-12 (Algo) Bank reconciliation LO P3 Prepare a bank reconciliation using the above information. Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposit at the close of business on August 31. a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $190 NSF check from a customer; the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1,820. d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of these services. QS 6-12 (Algo) Bank reconciliation LO P3 Prepare a bank reconciliation using the above information.

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