Purpose the bank reconciliation

Assignment Help Financial Accounting

Reference no: EM132922

Question :

This data relates to the Cash account in the ledger of Hawkins Company.

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

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

The September bank statement indicates a balance of $16,500 at September 30 and the subsequent memoranda.

Credits Debits

Collection of $1,800 note plus interest $30 $1,830 NSF ensure: H. Juno $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.

Instructions

(a) Purpose the bank reconciliation at 30^th September, 2012.

(b) Purpose the adjusting entries at September 30, consider the NSF check was from a customer on account, and no interest had been accrued on the note.

Reference no: EM132922

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