The information below relates to the Cash account in the ledger of Blossom Company. Balance September 1-$28,400 Cash deposited-$97,800. Balance September 30-$27,900 Checks written-$96,100. The September bank statement shows a balance of $27,200 on September 30 and the following memoranda. Credits Debits Collection of $3,800 note plus interest $60 $3,860 NSF check: J. E. Allen $670 Interest earned on checking account $100 Safety deposit box rent $90 At September 30, deposits in transit were $8,500, and outstanding checks totaled $4,600. Prepare the bank reconciliation at September 30.
The information below relates to the Cash account in the ledger of Blossom Company. Balance September 1-$28,400 Cash deposited-$97,800. Balance September 30-$27,900 Checks written-$96,100. The September bank statement shows a balance of $27,200 on September 30 and the following memoranda. Credits Debits Collection of $3,800 note plus interest $60 $3,860 NSF check: J. E. Allen $670 Interest earned on checking account $100 Safety deposit box rent $90 At September 30, deposits in transit were $8,500, and outstanding checks totaled $4,600. Prepare the bank reconciliation at September 30.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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Transcribed Image Text:The information below relates to the Cash account in the ledger of Blossom Company.
Balance September 1-$28,400
Cash deposited-$97,800.
Balance September 30-$27,900 Checks written-$96,100.
The September bank statement shows a balance of $27,200 on September 30 and the following memoranda.
Credits
Debits
Collection of $3,800 note plus interest $60 $3,860
NSF check: J. E. Allen
$670
Interest earned on checking account
$100
Safety deposit box rent
$90
At September 30, deposits in transit were $8,500, and outstanding checks totaled $4,600.
Prepare the bank reconciliation at September 30.
BLOSSOM COMPANY
Bank Reconciliation
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$
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