- Nolan Company S Cash Account Shows A 29 748 Debit Balance And Its Bank Statement Shows 29 761 On Deposit At The Close 1 (36.43 KiB) Viewed 32 times
Nolan
Company's cash account shows a $29,748 debit balance and its bank
statement shows $29,761 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,090. b. The June 30 bank
statement lists $40 in bank service charges; the
company has not yet recorded the cost of these services. c. In reviewing the bank
statement, a $70 check written by the
company was mistakenly recorded in the
company's books as $79. d. June 30 cash receipts of $2,084 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 $38 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 $ 0 0 Book balance Add: Deduct: 0 0 Adjusted book balance $ 0 0 0 0