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E5-6 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4]

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The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:

BANK STATEMENT
	Checks				Deposits			Other				Balance
Balance, September 1												$	1,980
September 7								NSF check	$	90			1,890
September 11					$	2,970							4,860
September 12	#101	$	790										4,070
September 17	#102		1,680										2,390
September 26	#103		2,290										100
September 29								EFT deposit		145			245
September 30								Service charge		10			235

Cash (A)
Sep 1	Balance	1,980
Sep 10		2,970	790	Sep 10	#101
Sep 30		2,450	1,680	Sep 15	#102
			2,290	Sep 22	#103
			40	Sep 28	#104
Sep 30	Balance	2,600

No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers.

Answer 1