Problem - The information below relates to the Cash account in the ledger of Minton Company.
Balance September 1-$17,270; Cash deposited - $64,390
Balance September 30 - $17,804; Checks written - $63,856
The September bank statement shows a balance of $16,822 on September 30 and the following memoranda.
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Credits
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Debits
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Collection of $1,692 note plus interest $38 - $1,730
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NSF check; Richard Nance - $625
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Interest earned on checking account - $53
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Safety deposit box rent - $73
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At September 30, deposits in transit were $4,650, and outstanding checks totaled $2,583.
Required - Prepare the adjustment entries at September 30, assuming (1) the NSF check was from a customer on account , and (2) no interest had been accrued on the note.