Question Details

(Solution Download) Exercise 7-9 This information relates to the Cash account in the ledger of Treanor Company. Balance


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise 7-9

 

This information relates to the Cash account in the ledger of

 

Treanor Company.

 

          Balance

 

September 1Ac???$16,400; Cash depositedAc???$64,000

 

          Balance

 

September 30Ac???$17,600; Checks writtenAc???$62,800

 


 

The September bank statement shows a balance of $16,500 at

 

September 30 and the following memoranda.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credits

 

 

Debits

 

Collection of $1,800 note plus interest $30$1,830NSF check: H. Kane$560
Interest earned on checking account45Safety deposit box rent60

 


 

At September 30, deposits in transit were $4,738 and outstanding

 

checks totaled $2,383.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare the bank reconciliation at September 30, 2014.

 

 

 

 

 

 

 

 

 

 

 

TREANOR COMPANY

 

Bank Reconciliation

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Show List of Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare the adjusting entries at September 30, assuming the NSF

 

check was from a customer on account, and no interest had been

 

accrued on the note. (Credit account titles are

 

automatically indented when amount is entered. Do not indent

 

manually.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

Account Titles and Explanation

 

 

Debit

 

 

Credit

 

Sept. 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To record collection of note receivable by bank)
Sept. 30

 

 

 

 

 

 

 

 

 

 

 

 

(To record Interest earned on checking account)
Sept. 30

 

 

 

 

 

 

 

 

 

 

 

 

(To record NSF check)
Sept. 30

 

 

 

 

 

 

 

 

 

 

 

 

 

(To record charges for safety deposit box rent)

 

 

 

 

 


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