Exercise 2 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27 500 debit balance. The company's May 31 bank statement shows $25,800 on deposit in the bank a) The May 31 bank statement lists $100 in bank service charges, the company has not yet recorded the cost of these services. b) Outstanding checks as of May 31 total $5,600. c) May 31 cash receipts of $6,200 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement. d) In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright's account. e) The bank statement shows a $600 NSF check from a customer, the company has not yet recorded this NSF check. (An NSF check is a check that was not honored by the bank of the entity issuing the check, on the grounds that the entity's bank account does not contain sufficient funds. ... NSF is an acronym for "not sufficient funds.") Prepare a bank reconciliation for the company using the above information Solution