This information relates to the Cash account in the ledger of Wildhorse Company. Balance September 1-$17,770; Cash deposited-$64,000 Balance September 30-$18,790; Checks written-$62,800 The September bank statement shows a balance of $17,870 at September 30 and the following memoranda. Credits Debits NSF check: H. Kane Safety deposit box rent Collection from customer of electronic funds transfer $2,200 $930 Interest earned on checking account 70 85 At September 30, deposits in transit were $5,133 and outstanding checks totaled $2,778. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.)
This information relates to the Cash account in the ledger of Wildhorse Company. Balance September 1-$17,770; Cash deposited-$64,000 Balance September 30-$18,790; Checks written-$62,800 The September bank statement shows a balance of $17,870 at September 30 and the following memoranda. Credits Debits NSF check: H. Kane Safety deposit box rent Collection from customer of electronic funds transfer $2,200 $930 Interest earned on checking account 70 85 At September 30, deposits in transit were $5,133 and outstanding checks totaled $2,778. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.4.3P
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This information relates to the Cash account in the ledger of Wildhorse Company.
Balance September 1–$17,770; Cash deposited-$64,000
Balance September 30-$18,790; Checks written-$62,800
The September bank statement shows a balance of $17,870 at September 30 and the following memoranda.
Credits
Debits
Collection from customer of electronic funds transfer
$2,200
NSF check: H. Kane
$930
Interest earned on checking account
70
Safety deposit box rent
85
At September 30, deposits in transit were $5,133 and outstanding checks totaled $2,778.
Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.)
WILDHORSE COMPANY
Bank Reconciliation
2$
2$
%24
%24
%24
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