QS 6-12

Nolan Company's Cash account shows a $22,352 debit balance and its bank statement shows $21,332 on deposit at the close of business on June 30. Prepare a bank reconciliation using the following information. a. Outstanding checks as of June 30 total $3,713. b. The June 30 bank statement lists $41 in bank service charges, the company has not yet recorded the cost of these services QS 6-11 Bank reconciliation P3 company's books as $99. In reviewing the bank statement, a $90 check written by the company was mistakenly recorded in the d. June 30 cash receipts of $4,724 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $23 credit for interest earned on the company's cash in the bank. The company has not yet recorded interest earned, Organic Food Co.'s Cash account shows a $5,500 debit balance and its bank statement shows $5,160 on QS 6-12 deposit at the close of business on August 31. Prepare a bank reconciliation using the following information. Bank reconciliation a. August 31 cash receipts of $1,240 were placed in the bank's night depository after banking hours and P3 were not recorded on the August 31 bank statement b. The bank statement shows a $120 NSF check from a customer; the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1,120. d. In reviewing the bank statement, an S80 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists S20 in bank service charges, the company has not yet recorded the cost of these services. Using the information in QS 6-12, prepare the adjusting journal entries that Organic Food Co. must record as 6-13 as a result of preparing the bank reconciliation. Adjusting entries from ban reconciliation P3 QS 6-14 Days' sales uncollected The foll lonon are from Armour Sports at December 31