The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:

No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers.

Required:
1. Prepare a bank reconciliation.
2. Give any journal entries that should be made as the result of the bank reconciliation.
3. What should the balance in the Cash account be after recording the journal entries in requirement 2?
4. If the company also has $ 400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?

Transcribed Image Text:

BANK STATEMENT Checks Other Balance $2.000 .900 4.900 Balance, September l September7 September 11 September I2 September 17 September 26 September 29 September 30 NSF check $100 3.000 #101 $ 800 #102 1.700 #103 2.300 2.400 100 250 230 EFT depost 150 Service chage 20 Cash (A) Sep Balance Sep 10 Sep 30 2,000 3,000 800 2.500.700 2.300 50 Sept 10 Sept 15 Sept 22 Sept 28 #101 #102 #103 #104 Sep 3 Balance 2.650