Nolan Company's cash account shows a $26,535 debit balance and its bank statement shows $25,449 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,206. b. The June 30 bank statement lists $34 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $20 check written by the company was mistakenly recorded in the company's books as $29. d. June 30 cash receipts of $3,300 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 $33 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. NOLAN COMPANY Bank Reconciliation June 30 Bank statement balance Book balance
Nolan Company's cash account shows a $26,535 debit balance and its bank statement shows $25,449 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,206. b. The June 30 bank statement lists $34 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $20 check written by the company was mistakenly recorded in the company's books as $29. d. June 30 cash receipts of $3,300 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 $33 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. NOLAN COMPANY Bank Reconciliation June 30 Bank statement balance Book balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QS 6-11 (Algo) Bank reconciliation LO P3
Nolan Company's cash account shows a $26,535 debit balance and its bank statement shows $25.449 on deposit at the close of
business on June 30.
a. Outstanding checks as of June 30 total $2,206.
b. The June 30 bank statement lists $34 in bank service charges; the company has not yet recorded the cost of these services.
c. In reviewing the bank statement, a $20 check written by the company was mistakenly recorded in the company's books as $29.
d. June 30 cash receipts of $3,300 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 $33 credit for interest earned on the company's cash in the bank. The company has not yet
recorded interest earned.
es
Prepare a bank reconcillation using the above information.
NOLAN COMPANY
Bank Reconciliation
June 30
Bank statement balance
Book balance
Add
Add:
< Prey
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Next
e to search
12:01 PM
99
75°F
9/11/2021
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144
44A
prt sc
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end
4.
6
8.
<-
backspace
num
lock
7T
Y
home
G
K
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4
pause"
Transcribed Image Text:9 Question 3 - Chapter 6 Assignme x
A McGraw-Hill Connect
heducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepr. ☆
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QS 6-11 (Algo) Bank reconciliation LO P3
Nolan Company's cash account shows a $26,535 debit balance and its bank statement shows $25.449 on deposit at the close of
business on June 30.
a. Outstanding checks as of June 30 total $2,206.
b. The June 30 bank statement lists $34 in bank service charges; the company has not yet recorded the cost of these services.
c. In reviewing the bank statement, a $20 check written by the company was mistakenly recorded in the company's books as $29.
d. June 30 cash receipts of $3,300 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 $33 credit for interest earned on the company's cash in the bank. The company has not yet
recorded interest earned.
es
Prepare a bank reconcillation using the above information.
NOLAN COMPANY
Bank Reconciliation
June 30
Bank statement balance
Book balance
Add
Add:
< Prey
3 of 3
Next
e to search
12:01 PM
99
75°F
9/11/2021
DO
40
144
44A
prt sc
delete
home
end
4.
6
8.
<-
backspace
num
lock
7T
Y
home
G
K
enter
4
pause

Transcribed Image Text:Assighme X
ducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmidd
Saved
Help
ignment
Prepare a bank reconciliation using the above information.
NOLAN COMPANY
Bank Reconciliation
June 30
Bank statement balance
Book balance
Add:
Add:
0.
Deduct:
Deduct
Adjusted bank balance
0 Adjusted book balance
< Prey
3 of 3
Next
e to search
99.
75°F
49
4+
144
prt sc
delete
96
31
7\
8.
9.
backspace
RI
(8
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