The information below relates to the Cash account in the ledger of Robertson Company.
Balance September 1—$17,150; Cash deposited—$64,000.
Balance September 30—$17,404; Checks written—$63,746.
The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.
At September 30, deposits in transit were $4,450, and outstanding checks totaled $2,383.
Instructions
(a) Prepare the bank reconciliation at September 30.
(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 thenote.
+1(438) 230-5325
support@ibeehomeworksolutions.com
