Balance September 1—$17,180;   Cash deposited—$64,410.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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CAN SOMEONE HELP ME FILL IN THE BLANK ?

The information below relates to the Cash account in the ledger of Crane Company.

Balance September 1—$17,180;   Cash deposited—$64,410.
Balance September 30—$18,344;   Checks written—$63,246.

 

Prepare the adjusting entries at September 30, assuming (1) the NSF check was froma 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.)
No.
Account Titles and Explanation
Debit
Credit
Sept. 30
(To record note receivable.)
Sept. 30
(To record interest earned.)
Sept. 30
(To record NSF check.)
Sept. 30
(To record safety deposit rent.)
Transcribed Image Text:Prepare the adjusting entries at September 30, assuming (1) the NSF check was froma 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.) No. Account Titles and Explanation Debit Credit Sept. 30 (To record note receivable.) Sept. 30 (To record interest earned.) Sept. 30 (To record NSF check.) Sept. 30 (To record safety deposit rent.)
Credits
Debits
Collection of $1,962 note plus interest $38
$2,000
NSF check: Richard Nance
$895
Interest earned on checking account
$53
Safety deposit box rent
$73
At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853
Transcribed Image Text:Credits Debits Collection of $1,962 note plus interest $38 $2,000 NSF check: Richard Nance $895 Interest earned on checking account $53 Safety deposit box rent $73 At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853
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