Description of this paper

Loading

The following information pertains to the bank transactions of-(Answered)

Description

Instant Solution ? Click "Buy button" to Download the solution File


Question

The following information pertains to the bank transactions of Crawford Company:

a.

Cash on the books as of September 30 was $499. Cash as shown on the bank statement for the same date was $1,330.

b.

A deposit of $160, representing cash receipts of September 30, did not appear on the bank statement.

c.

Outstanding checks totaled $240.

d.

Bank service charges for September amounted to $9.

e.

The bank collected for Crawford Company $840 (which includes $40 interest) on a note left for collection.

f.

An NSF check for $80 from a customer, Jack Betz, was returned with the statement.

1. Prepare a bank reconciliation for Crawford Company as of September 30.

2. State the amount of cash that would appear on the balance sheet as of September 30.

 

Paper#9210397 | Written in 27-Jul-2016

Price : $19
SiteLock