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Prepare the bank reconciliation at september

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Reference no: EM133189771

Question - AP This information relates to the Cash account in the ledger of Howard Company. Prepare bank reconciliation and adjust entries.

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

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 from customer 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.

Required -

a. Prepare the bank reconciliation at September 30, 2022.

b. Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account.

Reference no: EM133189771

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