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24) Victor Companys Cash account shows a $2,750 debit balance and its bank statement shows $2,580 on deposit at the close of business on August

24) Victor Companys Cash account shows a $2,750 debit balance and its bank statement shows $2,580 on deposit at the close of business on August 31. a. August 31 cash receipts of $620 were placed in the banks night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $60 NSF check from a customer; the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $560. d. In reviewing the bank statement, a $40 check written by Vista Company was mistakenly drawn against Victor Companys account. e. The August 31 bank statement lists $10 in bank service charges; the company has not yet recorded the cost of these services. 1. Based on the above information, prepare a bank reconciliation for the Victor Company. 2. Prepare any necessary journal entries that Victor Company must record as a result of preparing the bank reconciliation

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