Business, 02.04.2020 23:24 samantha636

McDermott Company's bank statement for September 30 showed an ending cash balance of $1,546. The company's Cash account in its general ledger showed a $1,205 debit balance.

The following information was also available as of September 30.
1. The bank deducted $195 for an NSF check from a customer deposited on September 15.
2. The September 30 cash receipts, $1,390, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement.
3. A $29 debit memorandum for checks printed by the bank was included with the canceled checks.
4. Outstanding checks amounted to $1,355.
5. Included with the bank statement was a credit memo in the amount of $945 for an EFT in payment of a customer’s account.
6. Included with the canceled checks was a check for $345, drawn on the account of another company. Prepare a bank reconciliation as of September 30.

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McDermott Company's bank statement for September 30 showed an ending cash balance of $1,546. The com...

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