The information below relates to the Cash account in the ledger of Waterway Company. Balance September 1 - $17,270; Cash deposited - $64,390. Balance September 30 - $17,804; Checks written - $63,856. The September bank statement shows a balance of $16,822 on September 30 and the following memoranda. Credis Debits Collection of $1,692 note plus interest $38 $1,730 NSF check: Richard Nance $625 Interest earned on checking account $53 Safety deposit box rent $73 At September 30, deposits in transit were $4,650, and outstanding checks totaled. $2,583.
The information below relates to the Cash account in the ledger of Waterway Company. Balance September 1 - $17,270; Cash deposited - $64,390. Balance September 30 - $17,804; Checks written - $63,856. The September bank statement shows a balance of $16,822 on September 30 and the following memoranda. Credis Debits Collection of $1,692 note plus interest $38 $1,730 NSF check: Richard Nance $625 Interest earned on checking account $53 Safety deposit box rent $73 At September 30, deposits in transit were $4,650, and outstanding checks totaled. $2,583.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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The information below relates to the Cash account in the ledger of Waterway Company.
Balance September 1 - $17,270; Cash deposited - $64,390.
Balance September 30 - $17,804; Checks written - $63,856.
The September bank statement shows a balance of $16,822 on September 30 and the following memoranda.
Credis | Debits | ||
Collection of $1,692 note plus interest $38 | $1,730 | NSF check: Richard Nance | $625 |
Interest earned on checking account | $53 | Safety deposit box rent | $73 |
At September 30, deposits in transit were $4,650, and outstanding checks totaled. $2,583.
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