This information relates to the Cash account in the ledger of Carla Vista Company. Balance September 1—$19,180; Cash deposited—$64,000 Balance September 30—$20,380; Checks written—$62,800The September bank statement shows a balance of $19,280 at September 30 and the following memoranda. Credits Debits Collection from customer of electronic funds transfer $2,480 NSF check: H. Kane $1,210 Interest earned on checking account 70 Safety deposit box rent 85 At September 30, deposits in transit were $5,413 and outstanding checks totaled $3,058. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.) CARLA VISTA COMPANYBank Reconciliationchoose the accounting period For the Month Ended September 30, 2022For the Year Ended September 30, 2022September 30, 2022 select an opening name for section one Safety deposit box rentNSF checkOutstanding checksElectronic funds transfer receivedInterest earnedDeposits in transitCash balance per bank statementAdjusted cash balance per bank $enter a dollar amount select between addition and deduction AddLess: select a reconciling item Safety deposit box rentCash balance per bank statementInterest earnedElectronic funds transfer receivedOutstanding checksNSF checkDeposits in transitAdjusted cash balance per bank enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction LessAdd: select a reconciling item Cash balance per bank statementElectronic funds transfer receivedInterest earnedDeposits in transitNSF checkAdjusted cash balance per bankSafety deposit box rentOutstanding checks enter a dollar amount select a closing name for section one Adjusted cash balance per bankElectronic funds transfer receivedInterest earnedSafety deposit box rentDeposits in transitOutstanding checksNSF checkCash balance per bank statement $enter a total amount for the first section select an opening name for section two Outstanding checksElectronic funds transfer receivedDeposits in transitSafety deposit box rentInterest earnedNSF checkCash balance per booksAdjusted cash balance per books $enter a dollar amount select between addition and deduction AddLess: select a reconciling item Interest earnedCash balance per booksDeposits in transitSafety deposit box rentElectronic funds transfer receivedAdjusted cash balance per booksOutstanding checksNSF check $enter a dollar amount select a reconciling item Adjusted cash balance per booksNSF checkOutstanding checksDeposits in transitElectronic funds transfer receivedInterest earnedSafety deposit box rentCash balance per books enter a dollar amount enter a subtotal of the two previous amounts enter a subtotal of the two previous amounts select between addition and deduction LessAdd: select a reconciling item Outstanding checksAdjusted cash balance per booksSafety deposit box rentNSF checkCash balance per booksDeposits in transitInterest earnedElectronic funds transfer received enter a dollar amount select a reconciling item Interest earnedAdjusted cash balance per booksOutstanding checksNSF checkElectronic funds transfer receivedSafety deposit box rentCash balance per booksDeposits in transit enter a dollar amount enter a subtotal of the two previous amounts select a closing name for section two NSF checkInterest earnedDeposits in transitAdjusted cash balance per booksOutstanding checksSafety deposit box rentCash balance per booksElectronic funds transfer received $enter a total amount for the second section Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 4 Sept 30 transactions with 2 accounts and write debit or credit

This information relates to the Cash account in the ledger of Carla Vista Company. Balance September 1—$19,180; Cash deposited—$64,000 Balance September 30—$20,380; Checks written—$62,800The September bank statement shows a balance of $19,280 at September 30 and the following memoranda. Credits Debits Collection from customer of electronic funds transfer $2,480 NSF check: H. Kane $1,210 Interest earned on checking account 70 Safety deposit box rent 85 At September 30, deposits in transit were $5,413 and outstanding checks totaled $3,058. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.) CARLA VISTA COMPANYBank Reconciliationchoose the accounting period For the Month Ended September 30, 2022For the Year Ended September 30, 2022September 30, 2022 select an opening name for section one Safety deposit box rentNSF checkOutstanding checksElectronic funds transfer receivedInterest earnedDeposits in transitCash balance per bank statementAdjusted cash balance per bank $enter a dollar amount select between addition and deduction AddLess: select a reconciling item Safety deposit box rentCash balance per bank statementInterest earnedElectronic funds transfer receivedOutstanding checksNSF checkDeposits in transitAdjusted cash balance per bank enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction LessAdd: select a reconciling item Cash balance per bank statementElectronic funds transfer receivedInterest earnedDeposits in transitNSF checkAdjusted cash balance per bankSafety deposit box rentOutstanding checks enter a dollar amount select a closing name for section one Adjusted cash balance per bankElectronic funds transfer receivedInterest earnedSafety deposit box rentDeposits in transitOutstanding checksNSF checkCash balance per bank statement $enter a total amount for the first section select an opening name for section two Outstanding checksElectronic funds transfer receivedDeposits in transitSafety deposit box rentInterest earnedNSF checkCash balance per booksAdjusted cash balance per books $enter a dollar amount select between addition and deduction AddLess: select a reconciling item Interest earnedCash balance per booksDeposits in transitSafety deposit box rentElectronic funds transfer receivedAdjusted cash balance per booksOutstanding checksNSF check $enter a dollar amount select a reconciling item Adjusted cash balance per booksNSF checkOutstanding checksDeposits in transitElectronic funds transfer receivedInterest earnedSafety deposit box rentCash balance per books enter a dollar amount enter a subtotal of the two previous amounts enter a subtotal of the two previous amounts select between addition and deduction LessAdd: select a reconciling item Outstanding checksAdjusted cash balance per booksSafety deposit box rentNSF checkCash balance per booksDeposits in transitInterest earnedElectronic funds transfer received enter a dollar amount select a reconciling item Interest earnedAdjusted cash balance per booksOutstanding checksNSF checkElectronic funds transfer receivedSafety deposit box rentCash balance per booksDeposits in transit enter a dollar amount enter a subtotal of the two previous amounts select a closing name for section two NSF checkInterest earnedDeposits in transitAdjusted cash balance per booksOutstanding checksSafety deposit box rentCash balance per booksElectronic funds transfer received $enter a total amount for the second section Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 4 Sept 30 transactions with 2 accounts and write debit or credit

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

See similar textbooks

Related questions

Concept explainers

Question

Credits	Debits
Collection from customer of electronic funds transfer	$2,480	NSF check: H. Kane	$1,210
Interest earned on checking account	70	Safety deposit box rent	85

At September 30, deposits in transit were $5,413 and outstanding checks totaled $3,058.

Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.)

CARLA VISTA COMPANY Bank Reconciliation choose the accounting period For the Month Ended September 30, 2022For the Year Ended September 30, 2022September 30, 2022
select an opening name for section one Safety deposit box rentNSF checkOutstanding checksElectronic funds transfer receivedInterest earnedDeposits in transitCash balance per bank statementAdjusted cash balance per bank			$enter a dollar amount
select between addition and deduction AddLess:	select a reconciling item Safety deposit box rentCash balance per bank statementInterest earnedElectronic funds transfer receivedOutstanding checksNSF checkDeposits in transitAdjusted cash balance per bank			enter a dollar amount
				enter a subtotal of the two previous amounts
select between addition and deduction LessAdd:	select a reconciling item Cash balance per bank statementElectronic funds transfer receivedInterest earnedDeposits in transitNSF checkAdjusted cash balance per bankSafety deposit box rentOutstanding checks			enter a dollar amount
select a closing name for section one Adjusted cash balance per bankElectronic funds transfer receivedInterest earnedSafety deposit box rentDeposits in transitOutstanding checksNSF checkCash balance per bank statement			$enter a total amount for the first section

select an opening name for section two Outstanding checksElectronic funds transfer receivedDeposits in transitSafety deposit box rentInterest earnedNSF checkCash balance per booksAdjusted cash balance per books			$enter a dollar amount
select between addition and deduction AddLess:
	select a reconciling item Interest earnedCash balance per booksDeposits in transitSafety deposit box rentElectronic funds transfer receivedAdjusted cash balance per booksOutstanding checksNSF check	$enter a dollar amount
	select a reconciling item Adjusted cash balance per booksNSF checkOutstanding checksDeposits in transitElectronic funds transfer receivedInterest earnedSafety deposit box rentCash balance per books	enter a dollar amount
				enter a subtotal of the two previous amounts
				enter a subtotal of the two previous amounts
select between addition and deduction LessAdd:
	select a reconciling item Outstanding checksAdjusted cash balance per booksSafety deposit box rentNSF checkCash balance per booksDeposits in transitInterest earnedElectronic funds transfer received	enter a dollar amount
	select a reconciling item Interest earnedAdjusted cash balance per booksOutstanding checksNSF checkElectronic funds transfer receivedSafety deposit box rentCash balance per booksDeposits in transit	enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for section two NSF checkInterest earnedDeposits in transitAdjusted cash balance per booksOutstanding checksSafety deposit box rentCash balance per booksElectronic funds transfer received			$enter a total amount for the second section

Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

4 Sept 30 transactions with 2 accounts and write debit or credit

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.