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Balance, September 1 Checks BANK STATEMENT Deposits September 7 NSF check September 11 $ 3,000 September 12 #101 $ 800 September 17 #102 1,700 September 26 #103 2,300 September 29 September 30 Other Check my work Balance $ 2,000 $ 100 1,900 4,900 4,100 2,400 100 EFT deposit 150 Service charge 150 250 230 Cash (A) Debit Credit September 1 Balance 2,000 September 10 3,000 800 September 10 #101 September 30 2,500 1,700 September 15 #102 2,300 September 22 #103 50 September 28 #104 September 30 Balance 2,650 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Total Amount of Cash S < Prev 10 of 11 Next >

Balance, September 1 Checks BANK STATEMENT Deposits September 7 NSF check September 11 $ 3,000 September 12 #101 $ 800 September 17 #102 1,700 September 26 #103 2,300 September 29 September 30 Other Check my work Balance $ 2,000 $ 100 1,900 4,900 4,100 2,400 100 EFT deposit 150 Service charge 150 250 230 Cash (A) Debit Credit September 1 Balance 2,000 September 10 3,000 800 September 10 #101 September 30 2,500 1,700 September 15 #102 2,300 September 22 #103 50 September 28 #104 September 30 Balance 2,650 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Total Amount of Cash S < Prev 10 of 11 Next >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Balance, September 1 Checks BANK STATEMENT Deposits September 7 NSF check September 11 $ 3,000 September 12 #101 $ 800 September 17 #102 1,700 September 26 #103 2,300 September 29 September 30 Other Check my work Balance $ 2,000 $ 100 1,900 4,900 4,100 2,400 100 EFT deposit 150 Service charge 150 250 230 Cash (A) Debit Credit September 1 Balance 2,000 September 10 3,000 800 September 10 #101 September 30 2,500 1,700 September 15 #102 2,300 September 22 #103 50 September 28 #104 September 30 Balance 2,650 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Total Amount of Cash S < Prev 10 of 11 Next >
Transcribed Image Text:Balance, September 1 Checks BANK STATEMENT Deposits September 7 NSF check September 11 $ 3,000 September 12 #101 $ 800 September 17 #102 1,700 September 26 #103 2,300 September 29 September 30 Other Check my work Balance $ 2,000 $ 100 1,900 4,900 4,100 2,400 100 EFT deposit 150 Service charge 150 250 230 Cash (A) Debit Credit September 1 Balance 2,000 September 10 3,000 800 September 10 #101 September 30 2,500 1,700 September 15 #102 2,300 September 22 #103 50 September 28 #104 September 30 Balance 2,650 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. 4. If the company also has $400 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Total Amount of Cash S < Prev 10 of 11 Next >
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