Credits Debits 1.Prepare the bank reconciliation at September 30. (List items th

Question

Credits

Debits

1.Prepare the bank reconciliation at September 30. (List items that increase cash balance first.)

2.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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

The information below relates to the Cash account in the ledger of Minton Company.
Balance September 1—$17,282; Cash deposited—$64,315. Balance September 30—$18,228; Checks written—$63,369.
The September bank statement shows a balance of $17,246 on September 30 and the following memoranda.

Credits

Debits

Collection of $1,904 note plus interest $38 $1,942 NSF check: Richard Nance $837 Interest earned on checking account $53 Safety deposit box rent $73
At September 30, deposits in transit were $4,862, and outstanding checks totaled $2,795

Explanation / Answer

$ Balance as per Bank Book as on 30 september          18,228 less:- Amount Debited by Bank, not entered by company Safety box rent                 -73 NSF Check              -837 Add:- Credited by Bank, not entered by the company Interest earned                  53 Collection of Invoice            1,942 Add:- cheque issued but not presented for payment Outstanding Check            2,795 Less:- Cheque depoisted but not cleared by the bank Depoist in transit           -4,862 Balance as per bank statement          17,246

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