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This information relates to the Cash account in the ledger of Sheffield Company. The September bank statement shows a balance of $17,422 at September 30
This information relates to the Cash account in the ledger of Sheffield Company. The September bank statement shows a balance of $17,422 at September 30 and the following memoranda. At September 30 , deposits in transit were $4,950 and outstanding checks totaled $2,883. Cash balance per bank statement $117422 Add : Deposits in transit 223724950 \begin{tabular}{|r|r|} \hline & 2883 \\ \hline$19489 \\ \hline \hline \end{tabular} Cash balance per books $18404 Electronic funds transfer received $2030 Interest earned NSF check Safety deposit box rent Adjusted cash balance per books $ 19489 Prepare the adjusting entries at September 30 , assuming the NSF check was from a customer on account. (Credit account titles are iutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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