Exercise 7-9 (Part Level Submission)

This information relates to the Cash account in the ledger of Howard Company.

Balance September 1$16,400; Cash deposited$64,000

Balance September 30$17,600; Checks written$62,800

The September bank statement shows a balance of $16,500at September 30 and the following memoranda.

Credits

Debits

Collection of electronic funds transfer$1,830NSF check: H. Kane$560Interest earned on checking account45Safety deposit box rent60

At September 30, deposits in transit were $4,738and outstanding checks totaled $2,383.

Prepare the bank reconciliation at September 30, 2017.(List items that increase balance as per bank & books first.)

HOWARD COMPANY

Bank Reconciliation