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Saved Help Save Exercise 6-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $28,700 debit balance and its bank statement shows
Saved Help Save Exercise 6-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $160 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,200. c. May 31 cash receipts of $6,800 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement. d. In reviewing the bank statement, a $460 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $480 NSF check from a customer, the company has not yet recorded this NSF check Prepare its bank reconciliation using the above information. C
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