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QS 6-9 Bank reconciliation LO P3 Organic Food Co.'s cash account shows a $7,200 debit balance and its bank statement shows $6,350 on deposit at
QS 6-9 Bank reconciliation LO P3 Organic Food Co.'s cash account shows a $7,200 debit balance and its bank statement shows $6,350 on deposit at the close of business on August 31. a. August 31 cash receipts of $2,940 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 $290 NSF check from a customer; the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $2,820. d. In reviewing the bank statement, an $250 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $190 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 balance Bank statement balance Add: Add: Deposit of Aug. 31 Bank error 0 0 0 0 Deduct: Deduct: 0 0
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