The information below relates to the Cash account in the ledger of Concord Company. Balance...
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Accounting
The information below relates to the Cash account in the ledger of Concord Company. Balance September 1-$17,000; Balance September 30-$18,324; Cash deposited$64,370. Checks written -$63,046. The September bank statement shows a balance of $17,342 on September 30 and the following memoranda. Credits Debits Collection of $1,952 note plus interest $38 $1,990 NSF check: Richard Nance $885 Interest earned on checking account $53 Safety deposit box rent $73 At September 30, deposits in transit were $4,910, and outstanding checks totaled $2,843. Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the hote
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