Question: please use this to answer question 24 24. (10 points): Organic Food Co.'s Cash account shows a $5,500.00 debit balance and its bank statement shows
please use this to answer question 24 24. (10 points): Organic Food Co.'s Cash account shows a $5,500.00 debit balance and its bank statement shows $5,160.00on deposit at the close of business on August 31. Prepare a bank reconciliation using the following information: a) August 31 cash receipts of $1240.00 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 $120.00 NSF check from a customer; the customer has not yet recorded this NSF check. c) Outstanding checks as of August 31 total $1,120.00 d) In reviewing the bank statement, an $80.00 check written by Organic FARMS Co. was mistakenl drawn again Organic Food's account. (This is an error made by the bank.) e) The August 31 bank statement lists $20.00 in bank service charges; the company has not yet recorded the cost of these services. PART IV: QUESTION 251 answer for 24 Litle this
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