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Question 19 The information below relates to the Cash account in the ledger of Minton Company. Cash deposited-$64,040 Balance September 1-$17,260; Balance September 30-$18,104; Checks
Question 19 The information below relates to the Cash account in the ledger of Minton Company. Cash deposited-$64,040 Balance September 1-$17,260; Balance September 30-$18,104; Checks written-$63,196 The September bank statement shows a balance of $17,122 on September 30 and the following memoranda. Credits Debits Collection of $1,841 note plus interest $39 Interest earned on checking account $1,880 $54 NSF check: Richard Nance $775 Safety deposit box rent $74 At September 30, deposits in transit were $4,800, and outstanding checks totaled $2,733 Prepare the bank reconciliation at September 30. (List items that increase cash balance first. Reconcile cash balance per bank first.) MINTON COMPANY Bank Reconciliation September 30 Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Sept. 30 (To record note receivable.) Sept. 30 (To record interest earned.) Sept. 30 (To record NSF check.) Sept. 30 (To record safety deposit rent.)
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