Question

The information below relates to the Cash account in the ledger of Remington Company. Balance September...

The information below relates to the Cash account in the ledger of Remington Company.

Balance September 1--- $25,725; Cash deposited--- $96,000

Balance September 30--- $26,100 Checks written--- $ 95,620

The September bank statement shows a balance of $24,635 on September 30 and the following memoranda.

Credit Debits

Electronic payment from customer $2,300 NFS check: J. E. Hoover $635

Interest earned on checking account $65 Bank Charges $75

At September 30, deposits in transit were $6,695, and outstanding checks totaled $3,575.

Instructions

Prepare bank reconciliation at September 30.

Business   Accounting   
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Answer #1
REMINGTON COMPANY
Bank Reconciliation
September 30
Cash balance per bank statement 24635
Add: Deposits in transit 6695
31330
Less: Outstanding checks 3575
Adjusted cash balance per bank 27755
Cash balance per books 26100
Add:
Electronic payment from customer 2300
Interest earned 65
2365
28465
Less:
NSF check 635
Bank Charges 75
710
Adjusted cash balance per books 27755
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