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Business, 25.10.2019 22:43 yoongnzl

Wright company's cash account shows a $31,100 debit balance and its bank statement shows $29,400 on deposit at the close of business on may 31. o the may 31 bank statement lists $280 in bank service charges; the company has not yet recorded the cost of these services. o outstanding checks as of may 31 total $7,400. o may 31 cash receipts of $8,000 were placed in the bank’s night depository after banking hours and were not recorded on the may 31 bank statement. o in reviewing the bank statement, a $580 check written by smith company was mistakenly drawn against wright’s account. o the bank statement shows a $240 nsf check from a customer; the company has not yet recorded this nsf check. prepare a bank reconciliation for the company using the above information.

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