The information below relates to the Cash account in the ledger of Lily Company. Balance September 1-$17,000; Cash deposited-$64,340. Balance September 30-$18,404; Checks written-$62,936. The September bank statement shows a balance of $17,422 on September 30 and the following memoranda. Credits Debits Collection of $1,990 note plus interest $40 $2,030 Interest earned on checking account $55 NSF check: Richard Nance Safety deposit box rent $925 $75 At September 30, deposits in transit were $4,950, and outstanding checks totaled $2,883. (a) (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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Sept. 30 Sept. 30 (To record note receivable.) (To record interest earned.) Debit Credit

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.