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Nolan Company's cash account shows a $21,268 debit balance and its bank statement shows $19,711 on deposit at the close of business on June 30.

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Nolan Company's cash account shows a $21,268 debit balance and its bank statement shows $19,711 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,231. b. The June 30 bank statement lists $27 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $50 check written by the company was mistakenly recorded in the company's books as $59. d. June 30 cash receipts of $3,801 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement e. The bank statement included a $31 credit for interest earned on the company's cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information. NOLAN COMPANY Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: Bank service charges 0 0 0 Deduct: 0 Deduct: 0 0 Adjusted bank balance $ Adjusted book balance $ 0

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