The information below relates to the Cash account in the ledger of Concord Company. Balance September 1?$17,180;
Question:
The information below relates to the Cash account in the ledger of Concord Company.
Balance September 1?$17,180; | Cash deposited?$64,400. | |
Balance September 30?$17,764; | Checks written?$63,816. |
The September bank statement shows a balance of $16,782 on September 30 and the following memoranda.
Credits | Debits | |||||
---|---|---|---|---|---|---|
Collection of $1,670 note plus interest $40 | $1,710 | NSF check: Richard Nance | $605 | |||
Interest earned on checking account | $55 | Safety deposit box rent | $75 |
At September 30, deposits in transit were $4,630, and outstanding checks totaled $2,563.
No.
Account Titles and Explanation
Debit
Credit
Sept. 30
enter an account title to record note receivable on September30
enter a debit amount
enter a credit amount
enter an account title to record note receivable on September30
enter a debit amount
enter a credit amount
enter an account title to record note receivable on September30
enter a debit amount
enter a credit amount
(To record note receivable.)
Sept. 30
enter an account title to record interest earned on September 30
enter a debit amount
enter a credit amount
enter an account title to record interest earned on September 30
enter a debit amount
enter a credit amount
(To record interest earned.)
Sept. 30
enter an account title to record non sufficient funds check on September 30
enter a debit amount
enter a credit amount
enter an account title to record non sufficient funds check on September 30
enter a debit amount
enter a credit amount
(To record NSF check.)
Sept. 30
enter an account title to record safety deposit rent on September 30
enter a debit amount
enter a credit amount
enter an account title to record safety deposit rent on September 30
enter a debit amount
enter a credit amount
(To record safety deposit rent.)
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso