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Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of

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Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $30,300 debit balance. The company's May 31 bank statement shows $28,600 on deposit in the bank. a. The May 31 bank statement ists $240 in bank service charges, the company has not yet recorded the cost of these services b. Outstanding checks as of May 31 total $7000 c. May 31 cash receipts of $7600 were placed in the bank's night depository after banking hours and were not d. In reviewing the bank statement, a $540 check written by Smith Company was mistakenly d e. The bank statement shows a $320 NSF check from a customer, the company has not yet recorded this NSF recorded on the May 31 bank statement Wright's account. check Prepare a bank reconciliation for the company using the above information. WRIGHT COMPANY Bank Reconciliation May 31, 2017 S 30 300l Book balance Bank statement balance S 28600 Nex

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