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*Exercise 5-9 This information relates to the Cash account for Sandhill Company. Balance September 1-$19,320; Cash deposited-$64,000 Balance September 30-$20,520; Checks written-$62,800 The September bank
*Exercise 5-9 This information relates to the Cash account for Sandhill Company. Balance September 1-$19,320; Cash deposited-$64,000 Balance September 30-$20,520; Checks written-$62,800 The September bank statement shows a balance of $19,420 at September 30 and the following memoranda Credits Debits NSF check: H. Kane Collection of electronic funds transfer $720 $1,990 Interest earned on checking account Safety deposit box rent 55 70 At September 30, deposits in transit were $4,908 and outstanding checks totaled $2,553. Prepare a tabular analysis for the adjustments at September 30, assuming the NSF checkk was from a customer on account. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative siyn (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Assets Accts Cash Rev. Exp Sept. 30 30 30 30
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