This information relates to the Cash account in the ledger of Hawkins 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
Collection of $1,800 note plus interest $30 $1,830 NSF check: H. Juno $560
Interest earned on checking account 45 Safety deposit box rent 60
At September 30, deposits in transit were $4,738 and outstanding checks totaled $2,383.
Instructions:
(a) Prepare the bank reconciliation at September 30, 2012.
(b) 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 note.
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