Required informationE5-6 (Static) 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 summarizedhere:Balance, September 1September 7.September 11September 12September 17September 26September 29September 30September 1September 10September 30September 30DebitBalanceBalanceTotal Amount of Cash)Checks#101#102#103$ 8001,7002,300BANK STATEMENTDepositsCash (A)2,0003,0002,5002,6506001,7002,30050$3,000NSE checkOtherEFT depositService chargeCreditSeptember 10.September 15September 22September 26#101#102#103#104$ 10015020Balance$2,0001,9004,9004,1002,400100250230No outstanding checks and no deposits in transit were noted in August However, there are deposits in transit and checksoutstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customersE5-6 (Static) Part 44. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should thecompany report on the September 30 balance sheet?

Cash and cash equivalents means the amount of cash and all such assets that can be easily converted…

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 September 1 September 10 September 30 September 30 Debit Balance Balance Total Amount of Cash Checks #101 #102 #103 BANK STATEMENT Deposits 1.800 1,700 2,300 Cash (A) 2,000 3,000 2,500 1,700 600 2,300 50 2,650 $3,000 NSF check Other EFT deposit Service charge Credit September 10 September 15 September 22 September 26 #101 #102 #103 #104 $ 100 150 20 Balance $ 2,000 4,900 4,900 4,100 2,400 100 250 230 No outstanding checks and no deposits in transit were noted in August However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers E5-6 (Static) Part 4 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?

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 September 1 September 10 September 30 September 30 Debit Balance Balance Total Amount of Cash Checks #101 #102 #103 BANK STATEMENT Deposits 1.800 1,700 2,300 Cash (A) 2,000 3,000 2,500 1,700 600 2,300 50 2,650 $3,000 NSF check Other EFT deposit Service charge Credit September 10 September 15 September 22 September 26 #101 #102 #103 #104 $ 100 150 20 Balance $ 2,000 4,900 4,900 4,100 2,400 100 250 230 No outstanding checks and no deposits in transit were noted in August However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers E5-6 (Static) Part 4 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?

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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