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Exercise 6-11 Bank reconciliation LO P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments

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Exercise 6-11 Bank reconciliation LO P3 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 $29,100 debit balance. The company's May 31 bank statement shows $27.400 on deposit in the bank. lists $180 in bank service charges, the company has not yet recorded the cost of these services a. The May 31 bank b. Outstanding checks as of May 31 total $6,400. c. May 31 cash receipts of $7,000 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 $480 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $440 NSF check from a customer; the company has not yet recorded this NSF check Prepare a bank reconciliation for the company using the above information. 31, 2017 Bank stat Book balance Add Add: Deduct Adjusted book balance

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