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Wright Company's cash account shows a $30,700 debit balance and its bank statement shows $29,000...

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Accounting

Wright Company's cash account shows a $30,700 debit balance and its bank statement shows $29,000 on deposit at the close of business on May 31.
a. The May 31 bank statement lists $260 in bank service charges; the company has not yet recorded the cost of these services.
b. Outstanding checks as of May 31 total $7,200.
c. May 31 cash receipts of $7,800 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement.
d. In reviewing the Erank'statement, a $560 check written by Smith Company was mistakenly drawn against Wright's account.
e. The bank statement shows a $280 NSF check from a customer; the company has not yet recorded this NSF check.
Prepare its bank reconciliation using the above information.
\table[[,,,,WRIGHT COMPANY],[,,,,,Bank Reconciliation],[May 31],[Bank statement balance,,,I.,$,29,000,Book balance,,$,30,700],[Add:,,,U,S,=,Add:,,,],[Bank service charge,E,$,260,,-,Deposit of May 31,7,800,,],[Bank error,m,,560,,1,=,,,],[,,,,,820,,L,-,7,800],[.,,,,,29,820,,,,38,500],[Deduct:,,,,,,Deduct:,,,],[Outstanding checks,,,,,4,[,,,],[-,,,,1,-,E,,,],[,,,,,0,,,,0],[Adjusted bank balance,,,,$,29,820,Adjusted book balance,,$,38,500]]
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