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The information below relates to the Cash Account in the Ledger of Vaughn Company. Balance September 1-$17,060;     Cash Deposited-$64,330. Balance September 30-$17,784:    Checks written-$63,606.   The September bank statement shows a balance of $16,802 on September 30 and the following memoranda. CREDITS Collection of $1684 note plus interest $36     $1720 Interest earned on checking account               $51   DEBITS NSF check: Richard Nance                         $615 Safety Deposit box Rent                              $71   At September 20, Deposits in Transit were $4640, and outstanding checks totaled $2573 Make a bank Recociliation

The information below relates to the Cash Account in the Ledger of Vaughn Company. Balance September 1-$17,060;     Cash Deposited-$64,330. Balance September 30-$17,784:    Checks written-$63,606.   The September bank statement shows a balance of $16,802 on September 30 and the following memoranda. CREDITS Collection of $1684 note plus interest $36     $1720 Interest earned on checking account               $51   DEBITS NSF check: Richard Nance                         $615 Safety Deposit box Rent                              $71   At September 20, Deposits in Transit were $4640, and outstanding checks totaled $2573 Make a bank Recociliation

FINANCIAL ACCOUNTING
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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The information below relates to the Cash Account in the Ledger of Vaughn Company.

Balance September 1-$17,060;     Cash Deposited-$64,330.

Balance September 30-$17,784:    Checks written-$63,606.

 

The September bank statement shows a balance of $16,802 on September 30 and the following memoranda.

CREDITS

Collection of $1684 note plus interest $36     $1720

Interest earned on checking account               $51

 

DEBITS

NSF check: Richard Nance                         $615

Safety Deposit box Rent                              $71

 

At September 20, Deposits in Transit were $4640, and outstanding checks totaled $2573

Make a bank Recociliation 

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