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Exercise 7-12 (Part Level Submission) The information below relates to the Cash account in the ledger of Minton Company. Balance September 1-$17,150; Cash deposited-$64,000 Balance
Exercise 7-12 (Part Level Submission) The information below relates to the Cash account in the ledger of Minton Company. Balance September 1-$17,150; Cash deposited-$64,000 Balance September 30-$17,404; Checks written-$63,746 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda Credits Debits Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 NSF check: Richard Nance Safety deposit box rent $425 $65 At September 30, deposits in transit were $5,450, and outstanding checks totaled $2,383
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