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PROBLEM 9. (10 points) The following information pertains to the bank transactions of Chase Company: a. Cash on the books as of September 30 was
PROBLEM 9. (10 points) The following information pertains to the bank transactions of Chase Company: a. Cash on the books as of September 30 was $1,200. Cash as shown on the bank statement for the same date was $1,400. b. Deposits in Transit are $630. c. Outstanding checks totaled $370. d. Bank service charges for September amounted to $50. e. The bank collected $610 for Chase Company on a note left for collection. The amount of the note was $600. The other $10 collected was for interest. f. An NSF check for $100 from a customer, Jack Tripper, was returned with the statement. 1. Prepare a bank reconciliation for Crawford Company as of September 30. 2. Prepare any necessary journal entries. OMIT EXPLANATIONS
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