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 $27,700 debit balance. The companys May 31 bank statement shows $26,000 on deposit in the bank.

1. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services.
2. Outstanding checks as of May 31 total $5,700.
3. May 31 cash receipts of $6,300 were placed in the banks night depository after banking hours and were not recorded on the May 31 bank statement.
4. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wrights account.
5. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check.

Prepare a bank reconciliation for the company using the above information.

WRIGHT COMPANY Bank Reconciliation May 31, 2017 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance