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 $7,000 debit balance and its bank statement shows $6,210 on deposit at the close of business on August 31. a. 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. QS 8-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 5 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 Note: Enter debits before creats: 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 $7,000 debit balance and its bank statement shows $6,210 on deposit at the close of business on August 31. a. 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. QS 8-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 5 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 Note: Enter debits before creats
