Question
The following information pertains to the bank transactions of Crawford Company: A. Cash on the books as of September 30 was $1,299. Cash, as shown
The following information pertains to the bank transactions of Crawford Company:
A. Cash on the books as of September 30 was $1,299. Cash, as shown on the bank statement for the same date, was $1,330.
B Bank service charges for September amounted to $9.
C. A deposit of $160, representing cash receipts of September 30, did not appear on the bank statement.
D An NSF check for $80 from a customer, Jack Betz, was returned with the statement.
E. Outstanding checks totaled $240.
F. Interest earned on the account of $40 was reported on the bank statement.
Questions
1. Prepare the bank reconciliation in good form (label all numbers) for Crawford Company as of September 30.
2. Write the amount of cash that should appear on the balance sheet as of September 30.
3. Write the letter(s) of any of the reconciling items that require journal entries in the accounting records.
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