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The following information pertains to the bank transactions of Chase Company: a. Cash on the books as of September 30 was $2,810. Cash as shown
The following information pertains to the bank transactions of Chase Company: a. Cash on the books as of September 30 was $2,810. Cash as shown on the bank statement for the same date was $2,630. b. Deposits in transit totaled $920. c. Outstanding checks totaled $425. d. Bank service charges for September amounted t $45. e. The bank collected $1,060 for Crawford Company on a note left for collection. The amount of the note was $1,000. The other $60 collected was for interest. f. An NSF check for $700 from a customer, Jack Coyle, was returned with the statement 1. Prepare a bank reconciliation for Chase Company as of September 30. 2. Prepare any necessary journal entries. OMIT EXPLANATIONS
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