Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fill out the chart Organic Food Co.'s cash account shows a $7,000 debit balance and its bank statement shows $6,210 on deposit at the
please fill out the chart
Organic Food Co.'s cash account shows a $7,000 debit balance and its bank statement shows $6,210 on deposit at the close of business on August 31. 1. August 31 cash receipts of $2,740 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 $270 NSF check from a customer the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $2,620 d. In reviewing the bank statement, an $230 check written by Organic Fruits was mistakenly drawn against Organic Food's account e. The August 31 bank statement lists $170 in bank service charges the company has not yet recorded the cost of these services. Prepare a bank reconcilitation using the above information ORGANIC FOOD CO Bank Reconciliation August 31 Book balance Add: Bank stitorent balance Add: Deduct Deduct Adjusted bank bastante Aduted book bance Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started