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1. Moe's Mowers' cash ledger shows a balance of $41,200. The company currently has $9,338 of deposits in transit and $12,000.00 of checks outstanding. Using
1. Moe's Mowers' cash ledger shows a balance of $41,200. The company currently has $9,338 of deposits in transit and $12,000.00 of checks outstanding. Using the bank statement below, prepare the bank statement for the month and prepare the journal entries to update the company's ledgers. Assume all electronic transfers received were to be applied to accounts receivable. The electronic transfer sent was to pay the company's utility bills to Bright Energy Charles K. Bank of the Carolinas Page 1 Account number 2237854 From 8/31/2015 to 9/30/2015 Balance 8/31 $48,690.50 Date Amount Balance 9/13 9/22 9/25 9/25 9/30 9/30 Deposit ACH Withdrawal Check No. 232 Deposit SC NSF-Joe Kyuk 420.75 2,589.99 (3,585.13) (6,864.12) 5,200.00 (55.00) (1,750.19) (1,828.80) $49,111.25 $51,701.24 $48,116.11 $41,251.99 $46,451.99 $46,396.99 $44,646.80 $42,818.00 Balance 9/30 $42,818.00
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