FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The information below relates to the Cash account in the ledger of Vaughn Company.
Balance September 1-$17,450;
Balance September 30-$17,664;
The September bank statement shows a balance of $16,682 on September 30 and the following memoranda.
Cash deposited-$64.240.
Checks written-$64,026.
Credits
Collection of $1,622 note plus interest $38 $1,660
Interest earned on checking account
$53
(a)
At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513.
:
NSF check: Richard Nance $555
Safety deposit box rent
$73
Debits
Prepare the bank reconciliation at September 30. (List items that increase cash balance first.)
VAUGHN COMPANY
Bank Reconciliation
$
$
$
$
$
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Transcribed Image Text:The information below relates to the Cash account in the ledger of Vaughn Company. Balance September 1-$17,450; Balance September 30-$17,664; The September bank statement shows a balance of $16,682 on September 30 and the following memoranda. Cash deposited-$64.240. Checks written-$64,026. Credits Collection of $1,622 note plus interest $38 $1,660 Interest earned on checking account $53 (a) At September 30, deposits in transit were $4,580, and outstanding checks totaled $2,513. : NSF check: Richard Nance $555 Safety deposit box rent $73 Debits Prepare the bank reconciliation at September 30. (List items that increase cash balance first.) VAUGHN COMPANY Bank Reconciliation $ $ $ $ $
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