Question

Required information (The following information applies to the questions displayed below.] The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 100 $3,300 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Balance $2,200 2,100 5,400 4,500 2,600 #101 #102 #103 $ 900 1,900 2,400 200 400 EFT deposit Service charge 200 20 380 Balance Sep 1 Sep 10 Sep 30 Cash (A) 2,200 3,300 900 3,000 1,900 2,400 50 3,250 Sep 10 Sep 15 Sep 22 Sep 28 #101 #102 #103 #104 Sep 30 Balance 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.

Answer 1

Solution:

Cadieux Company
Bank Reconciliation
Sep-30
Ending Balance per Bank Statement		$380	Ending Balance per Cash account		$3,250
Additions			Add:
Deposit in transit (Sep 30)	$3,000		EFT Deposit	$200
		$3,000			$200
Subtotal		$3,380	Subtotal		$3,450
Deductions:			Deductions:
Outstanding check 104	$50		NSF Check	$100
			Service Charges	$20
		$50			$120
Up to date cash balance		$3,330	Up to date cash balance		$3,330