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Wright Company's cash account shows a $27,500 debit balance and its bank statement shows $25,800 on deposit at the close of business on May 31.

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Wright Company's cash account shows a $27,500 debit balance and its bank statement shows $25,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $5,600. c. May 31 cash receipts of $6,200 were placed in the bank's night depository after banking hours and were not recorded on the Ma 31 bank statement. d. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright's account. e. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information. May 3 5al Conpany determines that it cannot collect its accounts receivable of $3,800 fron Joey Conpany. May 21 5al company unexpectedty receives paynent of $3, 8ee cash from Joey Conpany toward its previousty written-oft account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the direct write-off method. Journal entry worksheet Sal Company determines that it cannot collect its accounts receivable of $3,800 from Joey Company. Note: Enter debits before crecits. At year-end December 31, Chan Company estimates its bad debts as 0.50% of its annual credit sales of $801,000. Chan records its bad debts expense for that estimate. On the following February 1 , Chan decides that the $401 account of P. Park is uncollectible and writes it off as a bad debt. On June 5 , Park unexpectedly pays the amount previously written off. Prepare Chan's jornal entries to record the transactions of December 31 , February 1 , and June 5. Journal entry worksheet Nate: Enter debits before credits

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