please eyPLUS weygandt, Financial Accounting, 10 Read, Study & Practice Assignme

ID: 2509226 • Letter: P

Question

please

eyPLUS weygandt, Financial Accounting, 10 Read, Study & Practice Assignment Gradebook ORION Dosmleadable eTextbook ns > Open Assignment Question 1 The information below relates to the Cash account in the ledoer of Culumber Company Balance September 1-$17,000; Cash dsposited-$04,000. Balance September 30-$17,604; Checks writtan-$63,396 on S The September bank statement shows a balance of $16,622 on September 30 and the following memorands esults by.Studv Credits Collection of $1,595 note plus intarest $35 $1,630 NSF check: Richard Narcu $525 $50 Safety deposit box rent 70 Interest earned on checking account At September 30, deposits in transit ware $4,550, and outstanáng checks totaled $2-483. Prepare t the bank reconciliation at September 30. (List it that increase cash bafance first, Reconcile cash balance per bank Bank Reconclietion eement Paty Ealcv

Explanation / Answer

CULLUMBER COMPANY

BANK RECONCILIATION

SEPTEMBER 30

Cash balance per bank statement

$16622

Add: Deposits in transit

4550

Less: Outstanding checks

2483

Adjusted cash balance per bank

18689

Cash balance per books

17604

Add: Collection of note receivable

1630

Interest earned

1680

19284

Less: NSF check

525

Safety deposit box rent

595

Adjusted cash balance per books

$18689