Organic Food Co.'s cash account shows a $6,300 debit balance and its bank statement shows $5,720 on deposit at the close of business on August 31.
a. August 31 cash receipts of $2,040 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 $200 NSF check from a customer, the company has not yet recorded this NSF check.
c. Outstanding checks as of August 31 total $1,920
d. In reviewing the bank statement, an $160 check written by Organic Fruits was mistakenly drawn against anic Food's account. e. The August 31 bank statement lists $100 in bank service charges, the company has not yet recorded the cost of these services.
Prepare the adjusting journal entries that Organic Food Co. must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)