question 3

McDermott Company's bank statement for September 30 showed an ending cash balance of $1,392. The company's Cash account in its general ledger showed a $1,040 debit balance. The following information was also available as of September 30 . - The bank deducted $140 for an NSF check from a customer deposited on September 15. - The September 30 cash receipts, $1,280, 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 $18 debit memorandum for checks printed by the bank was included with the canceled checks. - Outstanding checks amounted to $1,190. - Included with the bank statement was a credit memo in the amount of $890 for an EFT in payment of a customer's account. - Included with the canceled checks was a check for $290, drawn on the account of another company. Requlred: a. Prepare a bank reconciliation as of September 30 . b. Prepare the journal entries for the items on the company's bank reconciliation as of September 30 . Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation as of September 30 . McDermott Company's bank statement for September 30 showed an ending cash balance of $1,392. The company's Cash account in its general ledger showed a $1,040 debit balance. The following information was also available as of September 30. - The bank deducted $140 for an NSF check from a customer deposited on September 15 . - The September 30 cash receipts, $1,280, 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 $18 debit memorandum for checks printed by the bank was included with the canceled checks. - Outstanding checks amounted to $1,190. - Included with the bank statement was a credit memo in the amount of $890 for an EFT in payment of a customer's account. - Included with the canceled checks was a check for $290, drawn on the account of another company. Required: a. Prepare a bank reconciliation as of September 30 . b. Prepare the journal entries for the items on the company's bank reconciliation as of September 30 . Complete this question by entering your answers in the tabs below. Prepare the journal entries for the items on the company's bank reconciliation as of September 30 . (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record a credit memo in the amount of $890 for an EFT in payment of a customer's account. Note: Enter debits before credits. 1 Record a credit memo in the amount of $890 for an EFT in payment of a customer's account. 2 Record the amount of $140 for an NSF check from a customer deposited on september 15. 3 Record a debit memo of $18 for checks printed by the bank