The information below relates to the Cash account in the ledger of Waterway Company. The...
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Accounting
The information below relates to the Cash account in the ledger of Waterway Company. The September bank statement shows a balance of $16,822 on September 30 and the following memoranda. At September 30, deposits in transit were $4,650, and outstanding checks totaled $2,583. Prepare the bank reconciliation at September 30. (List items that increase cash balance first) Prepare the adjusting entries at September 30, assumins (1) the NSF check was from a customer on account, and (2) no interest entered. Do not indent manually) Sept. 30 (To record safety deposit rent)
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