The September bank statement and cash T-account for Terrick Company follow: Date Sept. 1 6 13...

 

 

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The September bank statement and cash T-account for Terrick Company follow: Date Sept. 1 6 13 23 122 28 29 30 30 BANK STATEMENT Checks Deposits $ 4,220 1,050 15,090 1,050 1,130 Sept. 1 Balance Deposits Sept. 11 23 29 30 $28,000 37,000 19,000 NSF NSF check from B. Frank, a customer. Cash (A) 87,900 28,000 37,000 19,000 22,000 Interest earned Service charge 163,260 Other 15,090 1,050 600 $600 110 140 1,130 7,500 Sept. 30 Balance There were no deposits in transit or outstanding checks at August 31. Balance $ 87,900 83,680 Checks written during September: 4,220 1,050 110,630 132,540 131,490 148,760 148,870 148,730 Required: 1. Identify and list the deposits in transit at the end of September. (Select all that apply.) DO $28,000 $37,000 $19,000 $22,000 2. Identify and list the outstanding checks at the end of September. (Select all that apply.) 000000 $4,220 $1,050 $15.090 $1,050 $600 $1,130 $7,500 3. Prepare a bank reconciliation for September. Ending balance per bank statement Additions: Deductions: Bank Statement Up-to-Date Cash Balance $ TERRICK COMPANY Bank Reconciliation At September 30 0 0 Ending balance per cash account Additions: Deductions: Company's Books 0 0 Up-to-Date Cash Balance $ 0 0 0 0 Journal entry worksheet < A B C D E Record the interest of $110 receipt from the bank. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal The September bank statement and cash T-account for Terrick Company follow: Date Sept. 1 6 13 23 122 28 29 30 30 BANK STATEMENT Checks Deposits $ 4,220 1,050 15,090 1,050 1,130 Sept. 1 Balance Deposits Sept. 11 23 29 30 $28,000 37,000 19,000 NSF NSF check from B. Frank, a customer. Cash (A) 87,900 28,000 37,000 19,000 22,000 Interest earned Service charge 163,260 Other 15,090 1,050 600 $600 110 140 1,130 7,500 Sept. 30 Balance There were no deposits in transit or outstanding checks at August 31. Balance $ 87,900 83,680 Checks written during September: 4,220 1,050 110,630 132,540 131,490 148,760 148,870 148,730 Required: 1. Identify and list the deposits in transit at the end of September. (Select all that apply.) DO $28,000 $37,000 $19,000 $22,000 2. Identify and list the outstanding checks at the end of September. (Select all that apply.) 000000 $4,220 $1,050 $15.090 $1,050 $600 $1,130 $7,500 3. Prepare a bank reconciliation for September. Ending balance per bank statement Additions: Deductions: Bank Statement Up-to-Date Cash Balance $ TERRICK COMPANY Bank Reconciliation At September 30 0 0 Ending balance per cash account Additions: Deductions: Company's Books 0 0 Up-to-Date Cash Balance $ 0 0 0 0 Journal entry worksheet < A B C D E Record the interest of $110 receipt from the bank. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal

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