Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At
Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $22,352 debit balance. Nolan's June 30 bank statement shows $21,332 on deposit in the bank. Prepare a bank reconciliation for the company using the following information.
a. Outstanding checks as of June 30 total $3,713.
b. The June 30 bank statement lists $41 in bank service charges; the company has not yet recorded the cost of these services.
c. In reviewing the bank statement, a $90 check written by the company was mistakenly recorded in the company's books at $99.
d. June 30 cash receipts of $4,724 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 $23 credit for interest earned on the company's cash in the bank.