Question
The following information pertains to the bank transactions of Crawford Company: a. Cash on the books as of September 30 was $499. Cash as shown
The following information pertains to the bank transactions of Crawford Company:
a. | Cash on the books as of September 30 was $499. Cash as shown on the bank statement for the same date was $1,330. |
b. | A deposit of $160, representing cash receipts of September 30, did not appear on the bank statement. |
c. | Outstanding checks totaled $240. |
d. | Bank service charges for September amounted to $9. |
e. | The bank collected for Crawford Company $840 (which includes $40 interest) on a note left for collection. |
f. | An NSF check for $80 from a customer, Jack Betz, was returned with the statement. |
1. Prepare a bank reconciliation for Crawford Company as of September 30.
2. State the amount of cash that would appear on the balance sheet as of September 30.
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