The information below relates to the Cash account in the ledger of Ansel Company. Balance June 1$17,450;

Question:

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

Balance June 1—$17,450; Cash deposited—$64,000.

Balance June 30—$17,704; Checks written—$63,746.

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

Credits Debits Collection of $1,530 through NSF check: Anne Adams $425 electronic funds transfer $1,530 Safety deposit box rent $55 Interest earned on checking account $35 At June 30, deposits in transit were $4,750, and outstanding checks totaled $2,383.

INSTRUCTIONS

(a) Prepare the bank reconciliation at June 30.

(b) Prepare the adjusting entries at June 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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