Question: Required information Use the following information for the Quick Studies 1 2 - 1 3 below. ( Algo ) Skip to question [ The following
Required information Use the following information for the Quick Studies below. Algo Skip to question The following information applies to the questions displayed below. Organic Food Company's Cash account shows a $ debit balance and its bank statement shows $ on deposit at the close of business on August August cash receipts of $ were placed in the banks night depository after banking hours and were not recorded on the August bank statement. The bank statement shows a $ NSF check from a customer; the company has not yet recorded this NSF check. Outstanding checks as of August total $ In reviewing the bank statement, an $ check written by Organic Fruits was mistakenly drawn against Organic Foods account. The August bank statement lists $ in bank service charges; the company has not yet recorded the cost of these services. QS Algo Bank reconciliation LO P Prepare a bank reconciliation using the above information.
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