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Organic Food Co's cash account shows a $7,300 debit balance and its bank statement shows $6,420 on deposit at the close of business on August
Organic Food Co's cash account shows a $7,300 debit balance and its bank statement shows $6,420 on deposit at the close of business on August 31. a. August 31 cash receipts of $3,040 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 $300 NSF check from a customer the company has not yet recorded this NSF check c. Outstanding checks as of August 31 total $2,920. d. In reviewing the bank statement, an $260 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $200 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 (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 4 5 11 2 3 4 5 August 31 cash receipts of $3,040 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. Date General Journal Debit Credit a. Record entry Clear entry View general journal Outstanding checks as of August 31 total $2,920. Note: Enter debits before credits. Date General Journal Debit Credit C. Record entry Clear entry View general journal 2 3 5 LE > In reviewing the bank statement, an $260 check written by Organic Fruits was mistakenly drawn against Organic Food's account. Note: Enter debits before credits. Date General Journal Debit Credit d. Record entry Clear entry View general Journal 1 2 3 5 The August 31 bank statement lists $200 in bank service charges; the company has not yet recorded the cost of these services. Note: Enter debits before credits. Date General Journal Debit Credit e. Record entry Clear entry View general journal
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