Nolan Company’s Cash account shows a $22,352 debit balance and its bank statement shows $21,332 on deposit at the close of business on June 30. Prepare a bank reconciliation using the following information. a. Outstanding checks as of June 30 total $3,713. b. The June 30 bank statement lists $41 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $90 check written by the company was mistakenly recorded in the company’s books as $99. d. June 30 cash receipts of $4,724 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.
Nolan Company’s Cash account shows a $22,352 debit balance and its bank statement shows $21,332 on
deposit at the close of business on June 30. Prepare a bank reconciliation using the following information.
a. Outstanding checks as of June 30 total $3,713.
b. The June 30 bank statement lists $41 in bank service charges; the company has not yet recorded the
cost of these services. c. In reviewing the bank statement, a $90 check written by the company was mistakenly recorded in the
company’s books as $99.
d. June 30 cash receipts of $4,724 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.
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