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

At September 30, deposits in transit were $5,450, 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.

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Debits Credits Collection of $2,500 note plus interest $2,530 NSF check: Richard $425 $30 Nance Interest earned on checking account $45 Safety deposit box rent $65