Nolan Company's cash account shows a $26,426 debit balance and its bank statement shows $25,694 on deposit at the close of
business on June 30.
a. Outstanding checks as of June 30 total $2,907.
b. The June 30 bank statement lists $32 in bank service charges; the company has not yet recorded the cost of these services.
c. In reviewing the bank statement, a $80 check written by the company was mistakenly recorded in the company's books as $89. d. June 30 cash receipts of $3,656 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 $40 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's cash account shows a $26,426 debit balance and its bank statement shows $25,694 on...
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