The information below relates to the Cash account in the ledger of Minton Company Balance September 1$17,150 Balance September 30$17,404 Cash deposited$64,000 Checks written$63,746 The September bank statement shows a balance of $16,422 on September 30 and the following memoranda Instructions (a) P...

a MINTON COMPANY Bank Reconciliation September 30 Cash balance per bank statement 16422 Add Deposits ...

The information below relates to the Cash account in the ledger of Minton Company. Balance September 1$17,150;

Question:

The information below relates to the Cash account in the ledger of Minton Company.

Balance September 1â€”$17,150;

Balance September 30â€”$17,404;

Cash depositedâ€”$64,000.

Checks writtenâ€”$63,746.

The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.

Instructions
(a) Prepare the bank reconciliation at September 30.
(b) Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on thenote.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

Question Posted: Jan 30, 2014 03:15 AM

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The information below relates to the Cash account in the ledger of Minton Company. Balance September 1$17,150;

Question:

Debits Credits Collection of $2,500 note plus interest $30 Interest earned on checking account $2,530 $45 NSF check: Richard Nance Safety deposit box rent $425 65

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