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Exercise 6-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at

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Exercise 6-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $5,700. c. May 31 cash receipts of $6,300 were placed in the bank's night depository after banking hours and were not recorded on the Mas 31 bank statement. d. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright's account. e. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information

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