Cash Payment Assignment | Top Universities

Required information [The following information applies to the questions displayed below.] The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 90 $ 2,700 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 700 1,500 2,200 Balance $1,800 1,710 4,410 3,710 2,210 10 110 100 EFT deposit Service charge 100 10 Balance Sep 1 Sep 10 Sep 30 Cash (A) 1,800 2,700 700 2,000 1,500 2,200 40 2,060 Sep 10 Sep 15 Sep 22 Sep 28 #101 #102 #103 #104 Sep 30 Balance 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.

3. What should the balance in the Cash account be after recording the journal entries in requirement 2? Cash Balance 4. If the company also has $200 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Total Amount of Cash A Record the electronic funds transfer of $100 made by a customer on their account. B Record the service charges of $10 deducted by the bank. C Record the return of the customer check of $90 due to insufficient funds. D Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month. E On September 30, a deposit of $2,000 was recorded, but the deposit was still in transit at the end of the month.Get Accounting Homework Help Today