SUNY Canton Canton, New York 13617 Intermediate Accounting I Professor D. Fay Na

Question

SUNY Canton Canton, New York 13617 Intermediate Accounting I Professor D. Fay Name: Ending cash balance per bank Ending cash balance per books Deposits in transit 25.00 Outstanding checks Note collected by bank including $45 interest (Thalman not yet notified) ······ Error by bank-check drawn by Thalerman Corp. was charged to ...1,045.00 1,045.00 617.08 Sale and deposit of $1,729.00 was entered in the sales journal and cash receipts journal as $1,792.00 1. Prepare the September 30 bank reconciliation. 2. Give the journal entries required on the books to adjust the cash account

Explanation / Answer

Answer:

Particulars Amount Ending Cash balance per books 14692.71 Deposit in transit 2615.23 Bank Service charge 25 Outstanding Cheques -3079.51 Note collected by bank Including 45 interest -1045 Error by bank 617.08 Cash Receipt 1729 Error in cash entry -63 Total 15496.91 Ending Cash balance per Bank 15496.91 Variance 0

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