Question: McDermott Company's bank statement for September 30 showed an <a href=ending cash balance of $1,518. The …” />Question: McDermott Company's bank statement for September 30 showed an ending cash balance of $1,518. The ...

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Question: McDermott Company’s bank statement for September 30 showed an ending cash balance of $1,518. The …
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Show transcribed image text McDermott Company's bank statement for September 30 showed an ending cash balance of $1,518. The company's Cash account in its general ledger showed a $1,175 debit balance. The following information was also available as of September 30. The bank deducted $185 for an NSF check from a customer deposited on September 15. The September 30 cash receipts, $1,370, were placed in the bank's night depositoryafter banking hours on that date and this amount did not appear on the September 30 bank statement. A$27 debit memorandum for checks printed by the bank was included with the canceled checks. Outstanding checks amounted to $1.325 Included with the bank statement was a credit memo in the amount of $935 for an EFT in payment of a customer's account. Included with the canceled checks was a check for $335, drawn on the account of another company Required: a. Prepare a bank reconciliation as of September 30. McDermott Company Bank Reconciliation At September 30 Updates to Bank Statement Updates to Company's Books Ending Cash Balance per Bank Statement Ending Cash Balance per Books Additions: Additions: Deductions: Deductions: up-to-date ending cash balance Up-to-date ending cash balance

McDermott Company's bank statement for September 30 showed an ending cash balance of $1,518. The company's Cash account in its general ledger showed a $1,175 debit balance. The following information was also available as of September 30. The bank deducted $185 for an NSF check from a customer deposited on September 15. The September 30 cash receipts, $1,370, were placed in the bank's night depositoryafter banking hours on that date and this amount did not appear on the September 30 bank statement. A$27 debit memorandum for checks printed by the bank was included with the canceled checks. Outstanding checks amounted to $1.325 Included with the bank statement was a credit memo in the amount of $935 for an EFT in payment of a customer's account. Included with the canceled checks was a check for $335, drawn on the account of another company Required: a. Prepare a bank reconciliation as of September 30. McDermott Company Bank Reconciliation At September 30 Updates to Bank Statement Updates to Company's Books Ending Cash Balance per Bank Statement Ending Cash Balance per Books Additions: Additions: Deductions: Deductions: up-to-date ending cash balance Up-to-date ending cash balance

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