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Organic Food Company's Cash account shows a $5,700 debit balance and its bank statement shows $5,300 on deposit st the close of business on August
Organic Food Company's Cash account shows a $5,700 debit balance and its bank statement shows $5,300 on deposit st the close of business on August 31. a. August 31 cash receipts of $1.440 were placed in the bank's night depository ofter benking hours and were not recorded on the August 31 bank statement b. The bank statement shows a $140 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1.320. d. In reviewing the bank statement, en $100 check written by Organic Fruits was mistakenly drewn against Organic Food's account e. The August 31 bank statement lists $40 in bank service charges: the company has not yet recorded the cost of these services. QS 6-13 (Algo) Entries from bank reconclllation LO P3 Prepare sny necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 > August 31 cash receipts of $1,440 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear antry Vlow general Journal 2. The bank statement shows a $140 NSF check from a customer; the company has not yet recorded this NSF check 3 Outstanding checks as of August 31 total $1,320 4 In reviewing the bank statement, an $100 check written by Organic Fruits was mistakenly drawn against Organic Food's account. 5 The August 31 bank statement lists $40 in bank service charges; the company has not yet recorded the cost of these services
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