The information below relates to the Cash account in the ledger of Wasson 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 $16,122 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, (2) No interest had been accrued on thenote.

Transcribed Image Text:

Credits Debits Collection of $1,500 note plus interest $30 Interest carned on checking account $1,530 $45 NSF check: Violet Jones Safety deposit box rent $725 $65