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Davidson, Inc.'s cash ledger reports a balance of $52,540 for the month ending September 30, 2020 The bank statement at First Shelf Savings shows that
Davidson, Inc.'s cash ledger reports a balance of $52,540 for the month ending September 30, 2020 The bank statement at First Shelf Savings shows that Davidson's balance is $47,800. Additional information from September's bank statement and company records reveals the following: Item Amount a. An outstanding deposit that hasn't cleared First Shelf $ 9,200 b. An EFT payment for September Utilities 950 C. A customer's check that Davidson deposited did not clear the bank (NSF check) 740 d. Checks written by Davidson are not on the bank statement. 6,450 e. Bank service fees charged by First Shelf 60 120 f. The bank paid Davidson interest 8 Davidson wrote a check for rent for $1,950, but recorded it as $1.590 in its accounting software. The check cleared the bank for $1,950
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