This information relates to the Cash account in the ledger of Hadaway Company. Balance September 1'$16,400; Cash

Question:

This information relates to the Cash account in the ledger of Hadaway Company.

Balance September 1'$16,400;

Cash deposited'$64,000

Balance September 30'$17,600;

Checks written'$62,800

The September bank statement shows a balance of $16,422 at September 30 and the following memoranda.

This information relates to the Cash account in the ledger of

Instructions
(a) Prepare the bank reconciliation at September 30, 2010.
(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 thenote.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 21, 2012 03:01 AM

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This information relates to the Cash account in the ledger of Hadaway Company. Balance September 1'$16,400; Cash

Question:

Credits Debits Collection of $1,800 note plus interest $30 Interest earned on checking account $1,830 45 NSF check: J. Hower Safety deposit box rent $560 50 At September 30 deposits in transit were $4,826 and outstanding checks totaled $2,383.

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a HADAWAY COMPANY Bank Reconciliation September 30 2010 Cash balance per bank statement ...View the full answer

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