Required informationE5-6 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4][The following information applies to the questions displayed below.]The September 30 bank statement for Cadieux Company and the September ledger account for cash aresummarized here:Balance, September1September 7September 11September 12September 17September 26September 29September 30DebitSeptember 1 Balance.SeptemberSeptember3010September30E5-6 (Algo) Part 1BalanceRequired:1. Prepare a bank reconciliation.Deductions:Ending Balance per BankStatementAdditions:BANK STATEMENTDepositsChecksUp-to-Date Cash Balance# 101 $ 870# 102 1,840# 103 2,370Bank StatementCash (A)2,1403,210 8702,850 1,8402,3703,070$ 3,2105015$22September10SeptemberSeptemberSeptember28NSF checkEFT depositServicechargeCredit00OtherCADIEUX COMPANYBank ReconciliationSeptember 30No outstanding checks and no deposits in transit were noted in August. However, there are deposits intransit and checks outstanding at the end of September. The NSF check and EFT involved transactions withCadieux Company's customers.# 101# 102#103#104$10018520Deductions:Ending Balance per CashAccountAdditions:Balance$ 2,14000 Up-to-Date Cash Balance2,0405,2504,3802,540170355335Company's Books$0000

Required information E5-6 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] [The following information applies to the questions displayed below.] The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Debit September 1 Balance September 10 September 30 September 30 Balance BANK STATEMENT Deposits Checks # 101 $ 870 # 102 1,840 # 103 2,370 Cash (A) $ 3,210 2,140 3,210 870 2,850 1,840 2,370 3,070 50 22 Other NSF check Credit September 10 September 15 September September 28 EFT deposit Service charge # 101 # 102 # 103 #104 100 185 20 Balance $ 2,140 2,040 5,250 4,380 2,540 170 355 335

Required information E5-6 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] [The following information applies to the questions displayed below.] The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Debit September 1 Balance September 10 September 30 September 30 Balance BANK STATEMENT Deposits Checks # 101 $ 870 # 102 1,840 # 103 2,370 Cash (A) $ 3,210 2,140 3,210 870 2,850 1,840 2,370 3,070 50 22 Other NSF check Credit September 10 September 15 September September 28 EFT deposit Service charge # 101 # 102 # 103 #104 100 185 20 Balance $ 2,140 2,040 5,250 4,380 2,540 170 355 335

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Content Area Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $15,965 Note receivable collected by bank 4,859 Outstanding checks 9,437 Deposits in transit 4,203 Bank service charge 201 NSF check 1,307 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation. a.$19,316 b.$7,380 c.$14,082 d.$10,731
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