Exercise 8-14 Bank reconciliation LO P3 Wright Company's cash account shows a $29,500 debit balance and its bank statement shows $27,800 on deposit at the close of business on May 31 a. The May 31 bank statement lists $200 in bank service charges, the company has not yet recorded the cost of these services b. Outstanding checks as of May 31 total $6,600. c. May 31 cash receipts of $7,200 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 $500 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $400 NSF check from a customer, the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information. WRIGHT COMPANY Bank Reconciliation May 31 Book balance Add: Bank statement balance Add: 0 O 0 Deduct Deduct: 0 0 0 Adjusted book balance $ 0 $ Adjusted bank balance