Question

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) 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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  • CreatedJanuary 30, 2014
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