The cash balance per books for Feagen Company on September 30, 2015 is $10,740.9

Question

The cash balance per books for Feagen Company on September 30, 2015 is $10,740.93. The following checks and receipts were recorded for the month of October, 2015: Checks Receipts No. Amount No. AmountAmount Date 17 $372.9622 18 $780.62 23 $1,687.50 $941.54 10/21 19 $157.00 24 20 $587.50 25 21 $234.15 $578.84 $843.86 10/5 $921.30 $880.58 10/27 $246.03 $967.00 10/30 In addition, the bank statement for the month of October is presented below: Balance Balance Last Statement Deposits and Credits Checks and Debits Total Amount $3,632.19 Deposits No. Total Amount No. This Statements $5,404.84 5 $9,178.36 10 $10,951.01 Checks and other debits Date Balance No 17 24 25 No Amount Amount No Amount 14 148.29 18 708.62 19 157.00 21 234.15 372.96 921.30 246.03 5,484.38 10/1 $9,875.31 10/8 $9,219.03 941.54 10/23 $9,541.58 808.58 10/29 $10,101.01 1,100.00 CM 10/31 $10,951.01 22 578.84 843.86 25.00 SC 240.00 NSF Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit Memo) Check No. 18 was correctly written for $708.62 for a payment on account. The NSF check was from S. Long, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of $60 which has not been accrued. The bank service charge is $25.00

Explanation / Answer

The cash balance per books for Feagen Company on September 30, 2015 is $10,740.9

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