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Nolan Company's cash account shows a $21470 debit balance and its bank statement shows $21.985 on deposit at the close of business on June
Nolan Company's cash account shows a $21470 debit balance and its bank statement shows $21.985 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,808. b. The June 30 bank statement lists $28 in bank service charges, the company has not yet recorded the cost of these services. E. in reviewing the bank statement, e $20 check written by the company was mistakenly recorded in the company's books as $29. d. June 30 cash receipts of $2,310 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement . The bank statement included a $36 credit for interest earned on the company's cash in the benk. The company has not yet recorded interest earned. Prepere a bank reconcilation using the above information. NOLAN COMPANY Bank Reconcilation June 30 Bank statement balance Book balance Add Ade: Dedut Detuct Ausied ber twce Adusted book tance recorded interest earned. Prepare a bank reconciliation using the above information. NOLAN COMPANY Bank Reconciliation June 30 Bank statement balance Book balance Add: Add: Bank service charges Deposit of June 30 Deduct: Interest earned Outstanding checks Recording error on check Adjusted book balance Bank Reconciliation June 30 Book balance Add: Bank service charges Deposit of June 30 Interest earned Outstanding checks Recording error on check
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