7-10 C

Exercise 7-9 This information relates to the Cash account in the ledger of Sunland Company. Cash deposited-$64,000 Balance September 1-$17,670; Balance September 30-$18,870; Checks written- $62,800 The September bank statement shows a balance of $17,770 at September 30 and the following memoranda. Credits Debits Collection of electronic funds transfer 2,440 NSF check: H. Kane Interest earned on checking account $1,170 80 65 Safety deposit box rent At September 30, deposits in transit were $5,368 and outstanding checks totaled $3,013. Prepare the bank reconciliation at September 30, 2017. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation September 30, 2017 Cash balance per bank statement v 17,770 AddDeposits in transit 5,368 23,138 Less . Outstanding checks 3,013 Adjusted cash balance per bank 20,125 Cash balance per books 18,870 Add v Electronic funds transfer received 2,440 Interest earned 65 2,505 21,375 NSF check 1,170 Safety deposit box rent 80 1,250 Adjusted cash balance per books 20,125 totaled $26,770, deposts per books were $25,840, and deposits in transit at September 30 were $2,870 (c) ln (d) In