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Why is my answer wrong? This information relates to the Cash account in the ledger of Sheridan Company. Balance September 1-$20,410; Cash deposited $64,000 Balance
Why is my answer wrong?
This information relates to the Cash account in the ledger of Sheridan Company. Balance September 1-$20,410; Cash deposited $64,000 Balance September 30-$21,610; Checks written-$62,800 The September bank statement shows a balance of $20,510 at September 30 and the following memoranda. Credits Debits $2,120 $850 Collection from customer of electronic funds transfer Interest earned on checking account NSF check: H. Kane Safety deposit box rent 50 65 At September 30, deposits in transit were $5,033 and outstanding checks totaled $2,678. Your answer is partially correct. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.) SHERIDAN COMPANY Bank Reconciliation September 30, 2022 ash balance per bank statement 20,510 idd Deposits in transit 5033 25543 ess Outstanding checks -2,678 i djusted cash balance per bank $ 22865 Cash balance per books $ 21,610 idd Electronic funds transfer received $ 2,120 Interest earned 50 2170 23780 ess V NSF check -850 i Safety deposit box rent -65 i 1255 djusted cash balance per books 22525 e Textbook and Media List of AccountsStep by Step Solution
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