Casey's Construction, Inc.'s checkbook lists the following: Caseys Construction, Inc.s September bank statement shows the following: Requirements
Question:
Casey's Construction, Inc.'s checkbook lists the following:
Casey’s Construction, Inc.’s September bank statement shows the following:
Requirements
1. Prepare Casey’s Construction, Inc.’s bank reconciliation on September 30, 2016. How much cash does Casey’s Construction, Inc., actually have on September 30?
2. Prepare all necessary journal entries for Casey’s Construction, Inc., to update the Cash account as a result of the bank reconciliation?
Transcribed Image Text:
Date Check No. 9/1 Item Deposit Check Balance $1,500 1,480 1,750 1,702 1,557 1,408 1,218 691 4,891 McKinstry Kitchen Dividends received Kingston Products Easton, Inc. (payment on account) Cash Office Surplus North West Properties Monthly Sales $ 20 922 10 14 $ 270 923 48 145 149 190 527 924 15 19 925 926 27 28 30 927 4,200 Bal, Sep 1 Deposits: $1,500 270 Checks: No. Amount 922 $ 20 923 48 924 154* 925 149 (371) Other Charges: Printed checks $25 Service charge Bal, Sep 30 14 (39) $1,360 *This amount is correct for check no. 924.
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