Can someone please answer the question below?
E7-9 This information relates to the Cash account in the ledger of Howard Company.
(a) Balance September 1-$16,400; Cash deposited-$64,000
(b) 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 electronic funds transfer $1,830 NSF check: H. Kane $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.
I just realized the information above is not clear. The $1830 is a deposit by electronic funds transfer, the $560 is a subtraction due to the NSF check of H Kane, $45 interest earned on the account, and $60 fee for safety deposit box.
Instructions (a) Prepare the bank reconciliation at September 30, 2017. (b) Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account.