Reference no: EM133145417

Question - Wright Company's cash account shows a $29,700 debit balance and its bank statement shows $28,000 on deposit at the close of business on May 31.

a. The May 31 bank statement lists $210 in bank service charges; the company has not yet recorded the cost of these services.

b. Outstanding checks as of May 31 total $6,700.

c. May 31 cash receipts of $7,300 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 $510 check written by Smith Company was mistakenly drawn against Wright's account.

e. The bank statement shows a $380 NSF check from a customer; the company has not yet recorded this NSF check.

Prepare its bank reconciliation using the above information.