E7-12 The information below relates to the Cash account in the ledger of Roberts
ID: 2368050 • Letter: E
Question
E7-12The information below relates to the Cash account in the ledger of Robertson 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 $16,422 on September 30 and the following memoranda.
Credits
Debits
Collection of $1,500 note plus interest $30 $1,530 NSF check: J. E. Hoover $425
Interest earned on checking account $45 Safety deposit box rent $65
At September 30, deposits in transit were $4,450, and outstanding checks totaled $2,383.
Explanation / Answer
balance as per cash book $17,404 Add: collection of note plus interest 1530 interest earned on checking account 45 outstanding checks 2383 Less: NSF check 425 Safety deposit box rent 65 deposits in transit 4450 Balance as per pass book 16,422
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.