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The information below relates to the Cash account in the ledger of Cullumber Company. Balance September 1-$28,600 Cash deposited-$96,000. Balance September 30-$27,900 Checks written-$97,000. The September bank statement shows a balance of $27,800 on September 30 and the following men Credits Debits Collection of $4,200 note plus interest $90 $4,290 NSF check: J. E. Harris $880 Interest earned on checking account $65 Safety deposit box rent $75

The information below relates to the Cash account in the ledger of Cullumber Company. Balance September 1-$28,600 Cash deposited-$96,000. Balance September 30-$27,900 Checks written-$97,000. The September bank statement shows a balance of $27,800 on September 30 and the following men Credits Debits Collection of $4,200 note plus interest $90 $4,290 NSF check: J. E. Harris $880 Interest earned on checking account $65 Safety deposit box rent $75

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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The information below relates to the Cash account in the ledger of Cullumber Company. Balance September 1-$28,600 Cash deposited-$96,000. Balance September 30-$27,900 Checks written-$97,000. The September bank statement shows a balance of $27,800 on September 30 and the following memoranda. Credits Debits Collection of $4,200 note plus interest $90 $4,290 NSF check: J. E. Harris $880 Interest earned on checking account $65 Safety deposit box rent $75 At September 30, deposits in transit were $7,600, and outstanding checks totaled $4,100. Prepare the bank reconciliation at September 30.
Transcribed Image Text:The information below relates to the Cash account in the ledger of Cullumber Company. Balance September 1-$28,600 Cash deposited-$96,000. Balance September 30-$27,900 Checks written-$97,000. The September bank statement shows a balance of $27,800 on September 30 and the following memoranda. Credits Debits Collection of $4,200 note plus interest $90 $4,290 NSF check: J. E. Harris $880 Interest earned on checking account $65 Safety deposit box rent $75 At September 30, deposits in transit were $7,600, and outstanding checks totaled $4,100. Prepare the bank reconciliation at September 30.
CULLUMBER COMPANY Bank Reconciliation 2$ 2$ 2$ $ $
Transcribed Image Text:CULLUMBER COMPANY Bank Reconciliation 2$ 2$ 2$ $ $
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