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Prepare the adjusting entries at september

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Reference no: EM131767537

Can someone please answer the question below?

E7-9 This information relates to the Cash account in the ledger of Howard Company.

(a) Balance September 1-$16,400; Cash deposited-$64,000

(b) Balance September 30-$17,600; Checks written-$62,800

The September bank statement shows a balance of $16,500 at September 30 and the following memoranda. Credits Debits Collection of electronic funds transfer $1,830 NSF check: H. Kane $560 Interest earned on checking account 45 Safety deposit box rent 60 At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383.

I just realized the information above is not clear. The $1830 is a deposit by electronic funds transfer, the $560 is a subtraction due to the NSF check of H Kane, $45 interest earned on the account, and $60 fee for safety deposit box.

Instructions (a) Prepare the bank reconciliation at September 30, 2017. (b) Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account.

Reference no: EM131767537

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