The information below relates to the Cash account in the ledger of Robertson Company. Balance September 1?$17,150;
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The information below relates to the Cash account in the ledger of Robertson Company.
Balance September 1?$17,150; ? ? ? ?Cash deposited?$64,000.
Balance September 30?$17,404;? ? ?? Checks written?$63,746.
The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.
At September 30, deposits in transit were $4,450, and outstanding checks totaled $2,383.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 the note.
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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