Question
The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance,
The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:
| BANK STATEMENT | ||||||
| Checks | Deposits | Other | Balance | |||
|---|---|---|---|---|---|---|
| Balance, September 1 | $ 2,120 | |||||
| September 7 | NSF check | $ 100 | 2,020 | |||
| September 11 | $ 3,180 | 5,200 | ||||
| September 12 | #101 | $ 860 | 4,340 | |||
| September 17 | #102 | 1,820 | 2,520 | |||
| September 26 | #103 | 2,360 | 160 | |||
| September 29 | EFT deposit | 180 | 340 | |||
| September 30 | Service charge | 20 | 320
| |||
| Cash (A) | |||||
|---|---|---|---|---|---|
| Debit | Credit | ||||
| September 1 | Balance | 2,120 | |||
| September 10 | 3,180 | 860 | September 10 | #101 | |
| September 30 | 2,800 | 1,820 | September 15 | #102 | |
| 2,360 | September 22 | #103 | |||
| 50 | September 28 | #104 | |||
| September 30 | Balance | 3,010 | |||
No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Companys customers.
4. If the company also has $520 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?
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Easy Paycheck Budget Planne Mastering Money Management And Achieving Financial Results
Authors: Roy Darling
1st Edition
B0CM126V4M
