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Organic Food Cos cash account shows a $6,700 debit balance and its bank statement shows...

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Accounting

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Organic Food Cos cash account shows a $6,700 debit balance and its bank statement shows $6,000 on deposit at the close of business on August 31 a. August 31 cash receipts of $2,440 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $240 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $2,320. d. In reviewing the bank statement, an $200 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists 5140 in bank service charges, the company has not yet recorded the cost of these services. Prepare a bank reconciliation using the above information. ORGANIC FOOD CO. Bank Reconciliation August 31 Bank statement balance 6,000 Book balance Add $ $ 6,700 Add Bank error 0 0 6.700 6.000 Deduct Deduct: 0 6,000 Adjusted book balance Adjusted bank balance $ 5 6.700

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