The information below relates to the Cash account in the ledger of Blossom Company. Balance September 1-$28,400 Cash deposited-$97,800. Balance September 30-$27,900 Checks written-$96,100. The September bank statement shows a balance of $27,200 on September 30 and the following memoranda. Credits Debits Collection of $3,800 note plus interest $60 $3,860 NSF check: J. E. Allen $670 Interest earned on checking account $100 Safety deposit box rent $90 At September 30, deposits in transit were $8,500, and outstanding checks totaled $4,600. Prepare the bank reconciliation at September 30.

The information below relates to the Cash account in the ledger of Blossom Company. Balance September 1-$28,400 Cash deposited-$97,800. Balance September 30-$27,900 Checks written-$96,100. The September bank statement shows a balance of $27,200 on September 30 and the following memoranda. Credits Debits Collection of $3,800 note plus interest $60 $3,860 NSF check: J. E. Allen $670 Interest earned on checking account $100 Safety deposit box rent $90 At September 30, deposits in transit were $8,500, and outstanding checks totaled $4,600. Prepare the bank reconciliation at September 30.

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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