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12. The information below relates to the Cash account in the ledger of Minton Company. Balance September 1 - $17,150, Cash deposited - $64,000. Balance September 30 - $17,404; Checks written - $63,746. 2 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 8 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65 1 2. The information below relates to the Cash account in the ledger of Minton Company. 2 Balance September 1-$17,150, Cash deposited - $64,000. Balance September 30-$17,404; Checks written - $63,746. 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 Collection of $2,500 note plus interest $30 $2.530 $45 NSF check: Richard Nance Safety deposit box rent 8 Interest earned on checking account 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) Debits Prepare the bank reconciliation at September 30 Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a $425 $65

12. The information below relates to the Cash account in the ledger of Minton Company. Balance September 1 - $17,150, Cash deposited - $64,000. Balance September 30 - $17,404; Checks written - $63,746. 2 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 8 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65 1 2. The information below relates to the Cash account in the ledger of Minton Company. 2 Balance September 1-$17,150, Cash deposited - $64,000. Balance September 30-$17,404; Checks written - $63,746. 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 Collection of $2,500 note plus interest $30 $2.530 $45 NSF check: Richard Nance Safety deposit box rent 8 Interest earned on checking account 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) Debits Prepare the bank reconciliation at September 30 Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a $425 $65

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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12. The information below relates to the Cash account in the ledger of Minton Company. Balance September 1 - $17,150, Cash deposited - $64,000. Balance September 30 - $17,404; Checks written - $63,746. 2 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 8 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65 3 1 2. The information below relates to the Cash account in the ledger of Minton Company. 2 Balance September 1-$17,150, Cash deposited - $64,000. 3 Balance September 30-$17,404; Checks written - $63,746. 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 Collection of $2.500 note plus interest $30 8 Interest earned on checking account 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65
Transcribed Image Text:12. The information below relates to the Cash account in the ledger of Minton Company. Balance September 1 - $17,150, Cash deposited - $64,000. Balance September 30 - $17,404; Checks written - $63,746. 2 3 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 8 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65 3 1 2. The information below relates to the Cash account in the ledger of Minton Company. 2 Balance September 1-$17,150, Cash deposited - $64,000. 3 Balance September 30-$17,404; Checks written - $63,746. 4 5 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda. 6 Credits 7 Collection of $2.500 note plus interest $30 8 Interest earned on checking account 9 10 At September 30, deposits in transit were $5,450 and outstanding checks totaled $2,383. 11 12 Instructions: 13 (a) 14 (b) 15 $2,530 $45 Debits NSF check: Richard Nance Safety deposit box rent Prepare the bank reconciliation at September 30 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. $425 $65
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