Question

The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:

BANK STATEMENT
	Checks				Deposits			Other				Balance
Balance, September 1												$	2,060
September 7								NSF check	$	100			1,960
September 11					$	3,090							5,050
September 12	#101	$	830										4,220
September 17	#102		1,760										2,460
September 26	#103		2,330										130
September 29								EFT deposit		165			295
September 30								Service charge		20			275

Cash (A)

Sep 1	Balance	2,060
Sep 10		3,090		830	Sep 10           #101
Sep 30		2,650		1,760	Sep 15           #102
				2,330	Sep 22           #103
				50	Sep 28           #104
Sep 30	Balance	2,830

   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.

CADIEUX COMPANY
Bank Reconciliation
September 30
Bank Statement			Company's Books
Ending Balance per Bank Statement			Ending Balance per Cash Account
Additions:			Additions:
Deductions:			Deductions:
Up-to-Date Cash Balance			Up-to-Date Cash Balance

Answer 1

Solution :

Cadieux Company
Bank Reconciliation - September 30
Bank's Cash balance		Company's cash balance
Particulars	Amount	Particulars	Amount
Ending balance as per Bank Statements	$275.00	Ending Balance as per cash books	$2,830.00
Additions:		Additions:
Outstanding cash receipt	$2,650.00	EFT Deposit	$165.00
Deductions:		Deductions:
Outstanding Check (Check no 104)	$50.00	NSF Check	$100.00
		Service Charge	$20.00
Up to date cash balance as per bank	$2,875.00	Up to date cash balance as per books	$2,875.00