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Requlred 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

image text in transcribed Requlred 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 $6,700 debit balance and its bank statement shows $6,000 on deposit at the close of business on August 31. a. August 31 cash receipts of $2,440 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 $240 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $2,320. d. In reviewing the bank statement, an $200 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $140 in bank service charges; the company has not yet recorded the cost of these services. QS 8-12 (Algo) Bank reconclliation LO P3 Prepare a bank reconciliation using the above information

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