ml Secure https// Help Save & Exit Ch 08 Ex-11 Check Exercise 8-11 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 $31,500 debit balance. The company's May 31 bank statement shows $29,800 on deposit in the bank. oints eBook Hint Ask a. The May 31 bank statement lists $300 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $7600 c. May 31 cash receipts of $8,200 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 $600 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $200 NSF check from a customer, the company has not yet recorded this NSF check Print Prepare a bank reconciliation for the company using the above information. WRIGHT COMPANY Bank Reconciliation May 31, 2017 Bank statement balance Add $ 29,800| Book balance S 31,500 Add Deposit of May 31 S 8,200 Prev 1 of 1l Next