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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 its

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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 its Cash account shows o $31100 debit balance. The company's May 31 bank statement shows $29400 on deposit in the bank. The May 31 bank statement lists $280 in bank service charges, the company has not yet recorded the cost of these services. b. a. Outstanding checks as of May 31 total $7.400. c. May 31 cash receipts of $8,000 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 $580 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $240 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 Reconcilation May 31, 2017 Book balance Bank statement balance Add: Add: Deduct Deduct Adjusted book balance Adjusted bank balance

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