Question
The information below relates to the Cash account in the ledger of Robertson Company. Balance September 1 -- $16,400; Cash deposited -- $64,000. Balance September
The information below relates to the Cash account in the ledger of Robertson Company. Balance September 1 -- $16,400; Cash deposited -- $64,000. Balance September 30 -- $17,600; Checks written -- $62,800. The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. Collection of $1,800 note plus interest $30 $1,830 NSF check: J. E. Hoover $360 Interest earned on checking account $45 Safety deposit box rent $50 At September 30, deposits in transit were $5,026, and outstanding checks totaled $2,383.
a)prepare the bank reconcilition at september 30,2018 b)prepare the adjusting entries at september 30 assuming (1) the NSF check was from a sustomer on account, an (2) no interest had been accrued on the note
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