Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. stuck on accounting! help please and thanks exerc

stuck on accounting! help please and thanks Exercise 7-9 This information relates to the...

90.2K

Verified Solution

Question

Accounting

imageimagestuck on accounting! help please and thanks

Exercise 7-9 This information relates to the Cash account in the ledger of Howard Company Balance September 1-$16,400; Cash deposited-$64,000 Balance September 30-$17,600; Checks written-$62,800 The September bank statement shows a balance of $16,500 at September 30 and the following memoranda Credits Debits NSF Collection of electronic funds transfer $1,830 check: $560 Kane Safety Interest earned on checking account 45 deposit 60 box rent At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383. 2 Your answer is partially correct. Try again Prepare the bank reconciliation at September 30, 2017. (List items that increase balance as per bank & books first.) HOWARD COMPANY Bank Reconciliation September 30, 2017 Cash balance per bank statement Add Deposits in transit Less$ Outstanding checks Adjusted cash balance per bank Cash balance per books Add Electronic funds transfer received Interest earned Less

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students