Question

The Nolowing information applies to the auerstons displayed beon The September bank statement and cash T-account for Terrick Company follow Sept1 $阪 900 2 630 2.200 4170 72 820 6 310 $14,000 102 245 2910 1700 74。17000 NSF. 510 109 89 70 109.55 4。10955 Service charge Nsi check hem . Frank, a customer Cash (A) 6.900 Checks wen during September Sept 1 Balance Deposits Sept 2.100 27,500 1550 21200660 0100 Sept 30 Balance There were no deposits in transit or outstanding checks at August 3 4 Required information 4.00 points Required 1. Idently and ist the depositsintranst at the end of September (Select all that ) s 27 2. ldently and list the outstandng checks at end of Septetbe(Select allthat apply) s 2 $ 31 $ 71 $ 51

Answer 1

1 List of the deposit in transit at the end of September 21,200 2 List of the out standing cheques at the end of the sep 6,100 Bank reconciliation Statement for september Bank Statement Companies Books 124585 Exisiting balance as per Bank Statement 109515 Exisiting balance as per Bank Statement Addition Additiorn Check deposited but not yet cleared by bank 70 21200 Interest Earned Deduction Service Charges Deduction 6100 40 124615 Up to date balance 124615 Up to date balance 4 Journal Entry required 70 Bank A/c Dr. 70 To Interest earned (Being Interest received) 40 Bank charges A/c Dr. 40 To Bank A/c (Being bank charges booked)