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Required information Skip to question [The following information applies to the questions displayed below.] Organic Food Company's Cash account shows a $6,700 debit balance and
Required information Skip to question [The following information applies to the questions displayed below.] Organic Food Company's Cash account shows a $6,700 debit balance and its bank statement shows $6,000 on deposit at the close of business on August 31. August 31 cash receipts of $2,440 were placed in the banks night depository after banking hours and were not recorded on the August 31 bank statement. The bank statement shows a $240 NSF check from a customer; the company has not yet recorded this NSF check. Outstanding checks as of August 31 total $2,320. In reviewing the bank statement, an $200 check written by Organic Fruits was mistakenly drawn against Organic Foods account. The August 31 bank statement
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