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Business, 16.10.2019 16:20 brandyrushing3

Wright company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on may 31. the may 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. outstanding checks as of may 31 total $5,700. may 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the may 31 bank statement. in reviewing the bank statement, a $410 check written by smith company was mistakenly drawn against wright’s account. the bank statement shows a $580 nsf check from a customer; the company has not yet recorded this nsf check. prepare its bank reconciliation using the above information.

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Wright company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on...
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