What is the amount of cash to be included in the august 31

Assignment Help Accounting Basics

Reference no: EM13597984

The August 31 balance shown on the bank statement is $9,810.
b. There is a deposit in transit of $1,260 at August 31.
c. Outstanding checks at August 31 totaled $1,890.

d.Interest credited to the account during August but not recorded on the company's books amounted to $108.

e.A bank charge of $36 for checks was made to the account during August. Although the company was expecting a charge, its amount was not known until the bank statement arrived.

f.In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $631 had been recorded as a disbursement of $361.
g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,378.

Required:
(a)Prepare the adjusting journal entry (or entries) that should be prepared to reflect the reconciling items. (Omit the "$" sign in your response.)
General Journal Debit Credit

(b)What is the amount of cash to be included in the August 31 balance sheet for the bank account reconciled? (Omit the "$" sign in your response.)
Amount of cash $

Reference no: EM13597984

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