Business, 27.06.2020 02:01 miargaree1823

QS 6-8 Bank reconciliation LO P3 Nolan Company's cash account shows a $20,621 debit balance and its bank statement shows $19,791 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,482. The June 30 bank statement lists $22 in bank service charges; the company has not yet recorded the cost of these services. In reviewing the bank statement, a $40 check written by the company was mistakenly recorded in the company’s books as $49. June 30 cash receipts of $3,333 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $34 credit for interest earned on the company’s cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information.

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QS 6-8 Bank reconciliation LO P3 Nolan Company's cash account shows a $20,621 debit balance and its...

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