The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, September 1 $ 1,800 September 7 NSF check $ 90 1,710 September 11 $ 2,700 4,410 September 12 #101 $ 700 3,710 September 17 #102 1,500 2,210 September 26 #103 2,200 10 September 29 EFT deposit 100 110 September 30 Service charge 10 100 Cash (A) Sep 1 Balance 1,800 Sep 10 2,700 700 Sep 10 #101 Sep 30 2,000 1,500 Sep 15 #102 2,200 Sep 22 #103 40 Sep 28 #104 Sep 30 Balance 2,060 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers. How would i fill out the following journal entries. -Record the electronic funds transfer of $100 made by a customer on their account. -Record the service charges of $10 deducted by the bank -Record the return of the customer check of $90 due to insufficient funds -Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month -On September 30, a deposit of $2,000 was recorded, but the deposit was still in transit at the end of the month

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 September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:

BANK STATEMENT
	Checks	Deposits	Other	Balance
Balance, September 1										$	1,800
September 7							NSF check	$	90		1,710
September 11					$	2,700					4,410
September 12	#101	$	700								3,710
September 17	#102		1,500								2,210
September 26	#103		2,200								10
September 29							EFT deposit		100		110
September 30							Service charge		10		100

Cash (A)
Sep 1	Balance	1,800
Sep 10		2,700	700	Sep 10	#101
Sep 30		2,000	1,500	Sep 15	#102
			2,200	Sep 22	#103
			40	Sep 28	#104
Sep 30	Balance	2,060

No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers.

How would i fill out the following journal entries.

-Record the electronic funds transfer of $100 made by a customer on their account.

-Record the service charges of $10 deducted by the bank

-Record the return of the customer check of $90 due to insufficient funds

-Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month

-On September 30, a deposit of $2,000 was recorded, but the deposit was still in transit at the end of the month

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