Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 The information below relates to the Cash account in the ledger of Minton Company. Balance September 1-$17,090; Cash deposited-$64,150. Balance September 30- $17,804;

image text in transcribed
image text in transcribed
image text in transcribed
Question 1 The information below relates to the Cash account in the ledger of Minton Company. Balance September 1-$17,090; Cash deposited-$64,150. Balance September 30- $17,804; Checks written- $63,436. The September bank statement shows a balance of $16,822 on September 30 and the following memoranda. Credits Debits Collection of $1,690 note plus interest $40 Interest earned on checking account $1,730 NSF check: Richard Nance $625 $55 Safety deposit box rent $75 At September 30, deposits in transit were $4,650, and outstanding checks totaled $2,583 Prepa are the bank reconciliation at September 30. (List items that Increase cash balance first.) MINTON COMPANY Bank Reconciliation September 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Nmap 6 Network Exploration And Security Auditing Cookbook

Authors: Calderon Pale Paulino

1st Edition

1849517487, 978-1849517485

More Books

Students also viewed these Accounting questions