Nolan Company's cash account shows a $29,833 debit balance and its bank statement shows $30,002 on deposit at the close

[answerhappygod]

Nolan Company S Cash Account Shows A 29 833 Debit Balance And Its Bank Statement Shows 30 002 On Deposit At The Close 1 (61.42 KiB) Viewed 14 times

Nolan Company's cash account shows a $29,833 debit balance and its bank statement shows $30,002 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,426. b. The June 30 bank statement lists $28 in bank service charges; the company has not yet recorded the cost of these services c. In reviewing the bank statement, a $40 check written by the company was mistakenly recorded in the company's books as $49 d. June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. e. The bank statement included a $23 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. Bank statement balance Add: Deduct Adjusted bank balance NOLAN COMPANY Bank Reconciliation June 30 Book balance Add: Seved Deduct Adjusted book balance