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This information relates to the Cash account for Cullumber Company. Balance September 1-$20,340; Cash deposited-$64,000 Balance September 30-$21,540; Checks written-$62,800 The September bank statement shows
This information relates to the Cash account for Cullumber Company. Balance September 1-$20,340; Cash deposited-$64,000 Balance September 30-$21,540; Checks written-$62,800 The September bank statement shows a balance of $20,440 at September 30 and the following memoranda. Credits Debits Collection of electronic funds transfer $2,460 NSF check: H. Kane $1,190 Interest earned on checking account 65 Safety deposit box rent 80 At September 30, deposits in transit were $5,388 and outstanding checks totaled $3,033. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.) Cash balance per bank statement Add Deposits in transit Less Outstanding checks Adjusted cash balance per bank Cash balance per books Add : Electronic funds transfer received Interest earned Less NSF check Safety deposit box rent Adjusted cash balance per books CULLUMBER COMPANY Bank Reconciliation September 30, 2022 1190 80 2460 65 20440 5388 25828 3033 22795 21540 2525 24065 1270 22795 Prepare a tabular analysis for the adjustments at September 30, assuming the NSF check was from a customer on account. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Sept. 30 30 30 30 Cash Assets Accts. Rec. Liabilities Re Prepare a tabular analysis for the adjustments at September 30, assuming the NSF check was from a customer on account. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Exp. Rev
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