This information relates to the Cash account in the ledger of Treanor Company. Balance September 1$16,400; Cash
Question:
This information relates to the Cash account in the ledger of Treanor Company.
Balance September 1—$16,400; Cash deposited—$64,000
Balance September 30—$17,600; Checks written—$62,800
The September bank statement shows a balance of $16,500 at September 30 and the following memoranda.
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At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383.
Instructions
(a) Prepare the bank reconciliation at September 30, 2014.
(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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a TREANOR COMPANY Bank Reconciliation September 30 2014 Cash balance per bank statement 16500 Add De...View the full answer
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Related Book For 
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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