Question: ! Required information Use the following information for the Quick Studies 1 2 - 1 3 below. ( Algo ) [ The following information applies

!
Required information
Use the following information for the Quick Studies 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
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 recordect the cost of these services.
QS 6-13(Algo) Entries from bank reconciliation LO P3
Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Journal entry worksheet
1
2
3
4
5
 ! Required information Use the following information for the Quick Studies

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!