The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here:
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.
How would i fill out the following journal entries.
-Record the electronic funds transfer of $100 made by a customer on their account.
-Record the service charges of $10 deducted by the bank
-Record the return of the customer check of $90 due to insufficient funds
-Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month
-On September 30, a deposit of $2,000 was recorded, but the deposit was still in transit at the end of the month
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here