Organic Food Company's Cash account shows a $6,200 debit balance and its bank statement shows...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Organic Food Company's Cash account shows a $ debit balance and its bank statement shows $ on deposit at the close of business on August August cash receipts of $ were placed in the banks night depository after banking hours and were not recorded on the August bank statement. The bank statement shows a $ NSF check from a customer; the company has not yet recorded this NSF check. Outstanding checks as of August total $ In reviewing the bank statement, an $ check written by Organic Fruits was mistakenly drawn against Organic Foods account. The August bank statement lists $ in bank service charges; the company has not yet recorded the cost of these services.
Organic Food Company's Cash account shows a $ debit balance and its bank statement shows $ on deposit at the close of business on August
August cash receipts of $ were placed in the banks night depository after banking hours and were not recorded on the August bank statement.
The bank statement shows a $ NSF check from a customer; the company has not yet recorded this NSF check.
Outstanding checks as of August total $
In reviewing the bank statement, an $ check written by Organic Fruits was mistakenly drawn against Organic Foods account.
The August bank statement lists $ in bank service charges; the company has not yet recorded the cost of these services.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.