SEATTLE BOAT COMPANY

Bank Reconciliation

September $30$Bank Reconciliation The Seattle Boat Company's bank statement for the month of September indicated a balance of $$15,400.$ The company's cash account in the general ledger showed a balance of $$12,450$ on September $30.$ Other relevant information includes the following:

Deposits in transit on September $30$ total $$11,440.$

The bank statement shows a debit memorandum for a check printing charge of $$88.$

Check number $238$ payable to Simon Company was recorded in the accounting records for $$546$ and cleared the bank for this same amount. A review of the records indicated that the Simon account now has a $$79$ credit balance and the check to them should have been $$625.$

Outstanding checks as of September $30$ totaled $$12,760.$

Check No$.276$ was correctly written and paid by the bank for $$900.$ The check was recorded in the accounting records as a debit to accounts payable and a credit to cash for $$1,078.$

The bank returned a NSF check in the amount of $$1,232.$

The bank included a credit memorandum for $$2,772$ representing a collection of a customer's note. The principle portion was $$2,640$ and the interest portion was $$132.$ The interest had not been accrued.