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The information below relates to the Cash account in the ledger of Wasson Company. The September bank statement shows a balance of $16, 728 on
The information below relates to the Cash account in the ledger of Wasson Company. The September bank statement shows a balance of $16, 728 on September 30 and the following memoranda. At September 30, deposits in transit were $4, 753, and outstanding checks totaled $2, 686 (a) Prepare the bank reconciliation at September 30. (Reconcile the bank balance first and then the book balance.) (b) Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the
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