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. The September bank statement shows a balance of $17,362 on September 30 and the following memoranda. CREDIT COLLECTION OF $1962 NOTE PLUS INTEREST $38 $2000 INTEREST EARNED N CHECKING ACCOUNT $53 DEBITS NSF CHECK : RICHARD NANCE $895 SAFETY DEPOSIT BOX RENT $73 At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853
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. The September bank statement shows a balance of $17,362 on September 30 and the following memoranda. CREDIT COLLECTION OF $1962 NOTE PLUS INTEREST $38 $2000 INTEREST EARNED N CHECKING ACCOUNT $53 DEBITS NSF CHECK : RICHARD NANCE $895 SAFETY DEPOSIT BOX RENT $73 At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I NEED HELP MAKING AN " BANK RECONCILIATION" TABLE
The information below relates to the Cash account in the ledger of Crane Company.
The September bank statement shows a balance of $17,362 on September 30 and the following memoranda.
| Balance September 1—$17,180; | Cash deposited—$64,410. | |
| Balance September 30—$18,344; | Checks written—$63,246. |
The September bank statement shows a balance of $17,362 on September 30 and the following memoranda.
CREDIT
COLLECTION OF $1962 NOTE PLUS INTEREST $38 $2000
INTEREST EARNED N CHECKING ACCOUNT $53
DEBITS
NSF CHECK : RICHARD NANCE $895
SAFETY DEPOSIT BOX RENT $73
At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853
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.)
Transcribed Image Text:CRANE COMPANY
Bank Reconciliation
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