SEATTLE BOAT COMPANY
Bank Reconciliation
September Bank Reconciliation The Seattle Boat Company's bank statement for the month of September indicated a balance of $ The company's cash account in the general ledger showed a balance of $ on September Other relevant information includes the following:
Deposits in transit on September total $
The bank statement shows a debit memorandum for a check printing charge of $
Check number payable to Simon Company was recorded in the accounting records for $ and cleared the bank for this same amount. A review of the records indicated that the Simon account now has a $ credit balance and the check to them should have been $
Outstanding checks as of September totaled $
Check No was correctly written and paid by the bank for $ The check was recorded in the accounting records as a debit to accounts payable and a credit to cash for $
The bank returned a NSF check in the amount of $
The bank included a credit memorandum for $ representing a collection of a customer's note. The principle portion was $ and the interest portion was $ The interest had not been accrued.
