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#2 QUESTION: What should the balance in the cash account be after recording the journal entries? Required information (The following information applies to the questions
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QUESTION: What should the balance in the cash account be after recording the journal entries?
Required information (The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Deposits Checks Other NSF check $ 100 $ 3,240 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 880 1,860 2,380 Balance $ 2,160 2,060 5,300 4,420 2,560 180 370 350 EFT deposit Service charge 190 20 Cash (A) Credit Debit Balance September 1 September 10 September 30 2,160 3,240 2,900 101 880 1,860 2,380 50 September 10 September 15 September 22 September 28 #102 #103 104 September 30 Balance 3,130 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. Journal entry worksheet Record the service charges of $20 deducted by the bank. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general Journal Journal entry worksheet Record the return of the customer check of $100 due to insufficient funds. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet Step by Step Solution
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