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Prepare the bank reconciliation at September

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Reference no: EM133120577

Question - The information below relates to the Cash account in the ledger of Sheridan Company.

Balance September 1-$17,000;

Cash deposited-$64,260

Balance September 30-$17,744;

Checks written-$63,516

The September bank statement shows a balance of $16,762 on September 30 and the following memoranda.

Credits

Debits

Collection of $1,660 note plus interest $40

$1,700

NSF check: Richard Nance

$595

Interest earned on checking account

$55

Safety deposit box rent

$75

At September 30, deposits in transit were $4,620, and outstanding checks totaled $2,553.

Required - Prepare the bank reconciliation at September 30.

Reference no: EM133120577

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