Question
1. The information below relates to the Cash account in the ledger of Company XYZ. Balance September 1$25,725 Cash deposited$96,000. Balance September 30$22,225 Checks written$99,500.
1. The information below relates to the Cash account in the ledger of Company XYZ.
Balance September 1$25,725 Cash deposited$96,000.
Balance September 30$22,225 Checks written$99,500.
The September bank statement shows a balance of $24,635 on September 30 and the following memoranda.
Credits Debits
Collection of $4,250 note plus interest $50 $4,300 NSF check: J. E. Hoover $735
Interest earned on checking account $40 Safety deposit box rent $75
At September 30, deposits in transit were $4,695, and outstanding checks totaled $3,575. Prepare the bank reconciliation at September 30
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
