Acc300 Principles of Accounting: E7-9 Cash account in the ledger of Hawkins Company

Acc300 Principles of Accounting
E7-9 This information 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 shows a balance of $16,500 at September 30 and the following memoranda. Credits Debits Collection of $1,800 note plus interest $30 $1,830 NSF check: 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) Prepare the bank reconciliation at September 30, 2012.
(b) Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and
(2) no interest had been accrued on the note.
Powered by