The following information is for Hudson Corporation.

HUDSON CORPORATION

Bank Reconciliation August 31

..........................................................................$41,720

Add: Deposits in transit ................................... 6,740

............................................................................48,460

Less: Outstanding cheques ........................... 13,760

Adjusted cash balance per bank .................$34,700

Additional information:

1. The September bank statement shows the following selected items

2. In September, the company wrote and recorded cheques totalling $127,492.
3. In September, $133,574 of cheques cleared the bank.
4. In September, deposits per bank statement (excluding the EFT collections listed in point 1 of this list) were $125,578.
5. In September, the company recorded deposits totalling $128,658.
Instructions
(a) Calculate the unadjusted balance in the Cash account on September 30.
(b) Calculate the unadjusted balance in the bank account on September 30.
(c) Calculate the deposits intrans it at September 30.
(d) Calculate the outstanding cheques at September 30.
(e) Calculate the adjusted cash balance per bank at September 30.
(f) Prepare any adjusting journal entries required from the reconciliation

Transcribed Image Text:

Amounts Deducted from Account (Debits NSF cheque: J. Hower Bank service charge, NSF cheque Bank service charge EFT payments Amounts Added to Account (Credits EFT collections s 820 80 50 1,800 S3,650