This information relates to the Cash account in the ledger of Hawkins Company.
|
Balance September 1—$16,400; |
Cash deposited—$64,000 |
|
Balance September 30—$17,600; |
Checks written—$62,800 |
The September bank statement shows a balance of $16,500 at September 30 and the following
memoranda.
|
Credits |
Debits |
||
|
Collection of $1,800 note plus interest $30 |
$1,830 |
NSF check: H. Juno |
$560 |
|
Interest earned on checking account |
45 |
Safety deposit box rent |
60 |
At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383.
Instructions
(a) Prepare the bank reconciliation at September 30, 2012.
(b) Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the note.