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McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010

McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance.

The following information was also available as of September 30.

The bank deducted $130 for an NSF check from a customer deposited on September 15.

The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement.

A $16 debit memorandum for checks printed by the bank was included with the canceled checks.

Outstanding checks amounted to $1,160.

Included with the bank statement was a credit memo in the amount of $880 for an EFT in payment of a customers account.

Included with the canceled checks was a check for $280, drawn on the account of another company.

Required:
a.

Prepare a bank reconciliation as of September 30.

image text in transcribed

Required: a. Prapae a hank raccnclinzan as o Sptrmbar 3o. Bank Reconciliation Updates to Bank Statement Updstes to Company's Books Erding Cash Elance per Bank Stale ment Additions: Ending Cash Ealance per Books Addition: pa d endn cash balar Upa dat endn cash balane b. Prepare the jnumal Mtrins for the nams nn tn comparys bank moanaliation entry Is required for transactionlevent, salect "No oumal entry required" In the first account feld.) af Sapomnnraa. 41f no View transaction ist Journal entry worksheet Record a credit memo In the amount of 88D tor an EFT in payment ot a customers account Date General Journal Debit Credit Sap, 30

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