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Organic Food Co.'s cash account shows a $5,900 debit balance and its bank statement shows $5.440 on deposit at the close of business on August
Organic Food Co.'s cash account shows a $5,900 debit balance and its bank statement shows $5.440 on deposit at the close of business on August 31. Q. August 31 cash receipts of $1.640 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement b. The bank statement shows a 5160 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1.520. d. In reviewing the bank statement, an $120 check written by Organic Fruits was mistakenly drawn against Organic Food's account e. The August 31 bank statement lists $60 in bank service charges; the company has not yet recorded the cost of these services. Prepare a bank reconciliation using the above information ORGANIC FOOD CO. Bank Reconciliation August 31 Book belang Add enementen Ada Deduct Deduct Adjusted bank balance Adjusted book balance
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