The Information Below Relates to the Cash Account in the Ledger

question 182

Essay

The information below relates to the Cash account in the ledger of Remington Company.
Balance September 1-$25,720; Cash deposited-$96,000.
Balance September 30-$26,100; Checks written-$95,620.
The September bank statement shows a balance of $24,635 on September 30 and the following memoranda.
Credits Debits
Collection of $1,250 note plus interest $50 $1,300 NSF check: J. E. Hoover $635
Interest earned on checking account $65 Safety deposit box rent $75
At September 30, deposits in transit were $6,695, and outstanding checks totaled $4,575.
Instructions
Prepare the bank reconciliation at September 30.

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Definitions:

Thickening Descriptions

In qualitative research, the practice of providing detailed and layered descriptions of social phenomena to deepen understanding and context.

Balanced Descriptions

Providing detailed accounts that present both positive and negative aspects equally to avoid bias.

Narrative Counseling

Narrative Counseling is a therapeutic approach emphasizing the importance of people’s stories and offering them the tools to re-author their personal narratives.

Curiosity

An innate desire or drive to learn, understand, or explore.