Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 7-9-Google Chrome Secure | https:/ Exercise 7-9 This information relates to the Cash account in the ledger of Howard Company. qprint.uni Balance September 1-$16,400;
Exercise 7-9-Google Chrome Secure | https:/ Exercise 7-9 This information relates to the Cash account in the ledger of Howard Company. qprint.uni 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 $16,500 at September 30 and the following memoranda. Debits Credits $560 Collection of electronic funds transfer Interest earned on checking account $1,830 45 NSF check: H. Kane Safety deposit box rent 60 At September 30, deposits in transit were $4,738 and 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 Prepare the adjusting entries at September 30, assurming the NSF check was from a customer on account. (Credit account titles Date Acount Titles and Explanation Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started