Required information Use the following information for the Quick Studies 12-13 below. (Algo) [The following information applies to the questions displayed below.) Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposi at the close of business on August 31. a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $190 NSF check from a customer, the company has not yet recorded this NSF check... c. Outstanding checks as of August 31 total $1,820. d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of the services. QS 6-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 2 3 4 5 1
Required information Use the following information for the Quick Studies 12-13 below. (Algo) [The following information applies to the questions displayed below.) Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposi at the close of business on August 31. a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $190 NSF check from a customer, the company has not yet recorded this NSF check... c. Outstanding checks as of August 31 total $1,820. d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic Food's account. e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of the services. QS 6-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 2 3 4 5 1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
Use the following information for the Quick Studies 12-13 below. (Algo)
[The following information applies to the questions displayed below.)
Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposit
at the close of business on August 31.
a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not
recorded on the August 31 bank statement.
b. The bank statement shows a $190 NSF check from a customer, the company has not yet recorded this NSF check.
c. Outstanding checks as of August 31 total $1,820.
d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic
Food's account.
e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of these
services.
QS 6-13 (Algo) Entries from bank reconciliation LO P3
Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
View transaction list
Journal entry worksheet
2 3 4 5
1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F866b04e5-d6c6-4d8d-9080-8a0375537ce7%2F59884bff-a23f-4a63-9e55-1aeb5bd33a2a%2Fe92edym_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Quick Studies 12-13 below. (Algo)
[The following information applies to the questions displayed below.)
Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposit
at the close of business on August 31.
a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not
recorded on the August 31 bank statement.
b. The bank statement shows a $190 NSF check from a customer, the company has not yet recorded this NSF check.
c. Outstanding checks as of August 31 total $1,820.
d. In reviewing the bank statement, an $150 check written by Organic Fruits was mistakenly drawn against Organic
Food's account.
e. The August 31 bank statement lists $90 in bank service charges; the company has not yet recorded the cost of these
services.
QS 6-13 (Algo) Entries from bank reconciliation LO P3
Prepare any necessary journal entries that Organic Food Company must record as a result of preparing the bank reconciliation.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
View transaction list
Journal entry worksheet
2 3 4 5
1
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