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Organic Food Co.'s cash account shows a $6.300 debit balance and its bank statement shows $5,720 on deposit at the close of business on August
Organic Food Co.'s cash account shows a $6.300 debit balance and its bank statement shows $5,720 on deposit at the close of business on August 31 a. August 31 cash receipts of $2,040 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 $200 NSF check from a customers the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1920 d. In reviewing the bank statement, an $160 check written by Organic Fruits was mistakenly drawn against Organic Food's account e. The August 31 bank statement lists $100 in bank service charges, the company has not yet recorded the cost of these services Prepare the adjusting journal entries that Organic Food Co. 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 2 3 5 August 31 cash receipts of $2,040 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement Note er det before credits General Journal Debit Credit Recordanty Clearly
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