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This information relates to the Cash account in the ledger of Sandhill Company. Balance September 1-$19,970; Cash deposited-$64,000 Balance September 30-$21,170; Checks written-$62,800 The September
This information relates to the Cash account in the ledger of Sandhill Company. Balance September 1-$19,970; Cash deposited-$64,000 Balance September 30-$21,170; Checks written-$62,800 The September bank statement shows a balance of $20,070 at September 30 and the following memoranda. Credits Debits Collection from customer of electronic funds NSF check: H $2,030 $760 transfer Kane Safety deposit box rent Interest earned on checking account 70 85 At September 30, deposits in transit were $4,963 and outstanding checks totaled $2,608. Prepare the bank reconciliation at September 30, 2022. (LIst Items that Increase balance as per bank & books first.) SANDHILL COMPANY Bank Reconciliation SANDHILL COMPANY Bank Reconciliation $ $ SHOW LIST OF ACCOUNTS Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Deblt Credit Sept. 30 (To record electronic funds transfer received by bank) Sept. 30 (To record Interest earned on checking account) Sept. 30 (To record NSF check) Sept. 30 (To record charges for safety deposit box rent)
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