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6 Part 2 of 2 10 points ellook Hell 10 10 Required information Use the following information for the Quick Studies 12-13 below. (Algo)
6 Part 2 of 2 10 points ellook Hell 10 10 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 $5,800 debit balance and its bank statement shows $5,370 on deposit at the close of business on August 31 a. August 31 cash receipts of $1,540 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 $150 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1,420. d. In reviewing the bank statement, an $110 check written by Organic Fruits was mistakenly drawn against Organic Food's account e. The August 31 bank statement lists $50 in bank service charges; the company has not yet recorded the cost of these services. AM References 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 August 31 cash receipts of $1,540 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. Nube: Enter debits before credits Transaction General Journal- Debit Credit
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