This information relates to the Cash account in the ledger of Treanor Company. Balance September 1$16,400; Cash

Question:

This information relates to the Cash account in the ledger of Treanor Company.

Balance September 1—$16,400; Cash deposited—$64,000 Balance September 30—$17,600; Checks written—$62,800 The September bank statement shows a balance of $16,500 at September 30 and the following memoranda.

Credits Debits Collection of $1,800 note plus interest $30 $1,830 NSF check: H. Kane $560 Interest earned on checking account 45 Safety deposit box rent 60 At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383.

Instructions

(a) Prepare the bank reconciliation at September 30, 2014.

(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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