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Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27.200...

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Accounting

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Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27.200 on deposit at the close of business on May 31 a. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services b. Outstanding checks as of May 31 total $6,300 c. May 31 cash receipts of $6,900 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 $470 check written by Smith Company was mistakenly drawn against Wright's account e. The bank statement shows a $460 NSF check from a customer, the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information WRIGHT COMPANY Bank Reconciliation May 31 Book balance Add Bank statement balance Add 0 0 0 Deduct Deduct + 0 0 $ 0 Adjusted bank balance s Adjusted book balance

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