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this information relates to the cash account in the ledger of hawkins company 533936

This information relates to the Cash account in the ledger of Hawkins Company.

Balance September 1—$16,400;

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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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