The information below relates to the Cash account in the ledger of Robertson Company. Balance September 1?$17,150;

Question:

The information below relates to the Cash account in the ledger of Robertson Company.

Balance September 1?$17,150; ? ? ? ?Cash deposited?$64,000.

Balance September 30?$17,404;? ? ?? Checks written?$63,746.

The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.

image

At September 30, deposits in transit were $4,450, and outstanding checks totaled $2,383.Instructions(a) Prepare the bank reconciliation at September 30.(b) Prepare the adjusting entries at September 30, assuming(1) The NSF check was from a customer on account, and(2) No interest had been accrued on the note.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

Question Posted: