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Required information Use the following information for the Quick Studies 12-13 below. (Algo) (The following information applies to the questions displayed below] Organic Food
Required information Use the following information for the Quick Studies 12-13 below. (Algo) (The following information applies to the questions displayed below] Organic Food Company's Cash account shows a $6,500 debit balance and its bank statement shows $5,860 on deposit at the close of business on August 31 a. August 31 cash receipts of $2.240 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 $220 NSF check from a customer; the company has not yet recorded this NSF check c. Outstanding checks as of August 31 total $2,120. d. In reviewing the bank statement, an $180 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $120 in bank service charges; the company has not yet recorded the cost of these services. QS 6-12 (Algo) Bank reconciliation LO P3 Prepare a bank reconciliation using the above information. Check mu
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