Question
The information below relates to the Cash account in the ledger of Crane Company. Balance September 1$17,180; Cash deposited$64,410. Balance September 30$18,344; Checks written$63,246. The
The information below relates to the Cash account in the ledger of Crane Company.
| Balance September 1$17,180; | Cash deposited$64,410. | |
| Balance September 30$18,344; | Checks written$63,246. |
The September bank statement shows a balance of $17,362 on September 30 and the following memoranda.
| Credits | Debits | |||||
|---|---|---|---|---|---|---|
| Collection of $1,962 note plus interest $38 | $2,000 | NSF check: Richard Nance | $895 | |||
| Interest earned on checking account | $53 | Safety deposit box rent | $73 | |||
At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853.
Prepare the bank reconciliation at September 30
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
