US Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook sign

Question

US Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook signment Exercise 7-9 (Part Level Submission) This information relates to the Cash account in the ledger of Pharoah Company Balance September 30-$22,460; Checks written-$62,800 The September bank statement shows a balance of $21,360 at September 30 and the following memoranda Credits Debits Collection of electronic funds transfer $2,340 NSF check: H. Kane $1,070 Interest earned on checking account 55 Safety deposit box rent 70 At September 30, deposits in transit were $5,258 and outstanding checks totaled $2,903. (a) Prepare the bank reconciliation at September 30, 2017. (List items that increase balance as per bank & books first.) PHAROAH COMPANY Bank R search 6

Explanation / Answer

Bank Reconcillation Statement At September 30, 2017 Balance as per bank statement $     21,360 Add: Deposit in transit      5,258 NSF checks:H.Kane      1,070 Safety deposit box rent           70          6,398 Less: Outstanding checks      2,903 Collection of electronic fund transer      2,340 Interest earned on checking account           55          5,298 Balance as per Cash book        22,460

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.