The information below relates to the Cash account in the ledger of Vaughn Company. Cash deposited-$64,240. Checks written-$64,026. Balance September 1-$17,450; Balance September 30-$17,664; The September bank statement shows a balance of $16,682 on September 30 and the following memoranda. Credits Collection of $1,622 note plus interest $38 $1,660 Interest earned on checking account $53 Debits NSF check: Richard Nance Safety deposit box rent At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513. (a) $555 $73 Prepare the bank reconciliation at September 30. (List items that increase cash balance first.)
The information below relates to the Cash account in the ledger of Vaughn Company. Cash deposited-$64,240. Checks written-$64,026. Balance September 1-$17,450; Balance September 30-$17,664; The September bank statement shows a balance of $16,682 on September 30 and the following memoranda. Credits Collection of $1,622 note plus interest $38 $1,660 Interest earned on checking account $53 Debits NSF check: Richard Nance Safety deposit box rent At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513. (a) $555 $73 Prepare the bank reconciliation at September 30. (List items that increase cash balance first.)
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
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Transcribed Image Text:The information below relates to the Cash account in the ledger of Vaughn Company.
Balance September 1-$17,450;
Balance September 30-$17,664;
The September bank statement shows a balance of $16,682 on September 30 and the following memoranda.
Cash deposited-$64.240.
Checks written-$64,026.
Credits
Collection of $1,622 note plus interest $38 $1,660
Interest earned on checking account
$53
(a)
At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513.
:
NSF check: Richard Nance $555
Safety deposit box rent
$73
Debits
Prepare the bank reconciliation at September 30. (List items that increase cash balance first.)
VAUGHN COMPANY
Bank Reconciliation
$
$
$
$
$
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