The September 30, 2014, bank statement for Cadieux Company and the September ledger account for cash are summarized here:

No outstanding cheques and no deposits in transit were noted in August. However, there are deposits in transit and cheques outstanding at the end of September. The NSF cheque and electronic funds transfer (EFT) involved transactions with Cadieux Company's customers.
Required:
1. Prepare a bank reconciliation.
2. Give any journal entries that should be made as the result of the bank reconciliation.
3. What should the balance in the Cash account be after recording the journal entries in requirement 2?
4. If the company also has $400 of cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?

Transcribed Image Text:

Withdrawals Balance Deposits Balance, September 1, 2014 September 7-NSF Cheque September 11 September 12 September 17 September 26 September 29-EFT deposit September 30-Service Charge $2.000 1,900 $ 100 $3,000 4.900 4,100 2,400 *101 800 1,700 102 103 2,300 100 250 230 150 20 Cash (A) Sept 1 Sept 10 Sept 30 Balance 2,000 3,000 2,500 Sept 10 Sept 15 Sept 22 Sept 28 #101 800 1,700 2,300 50 #102 #103 #104 Sept 30 Balance 2,650