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