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Based on the following bank reconciliation, prepare the journal entries:   Ruggero Celini Associates Bank Reconciliation July 31, 20 -- 1 Bank statement balance, July 31   $1,784.00 2 Add deposits in transit $418.50   3   100.50 519.00 4     $2,303.00 5 Deduct outstanding checks:     6 No. 185 $206.50   7 No. 203 317.40   8 No. 210 56.10 580.00 9 Adjusted bank balance   $1,723.00 10       11 Book balance, July 31   $1,792.00 12 Add:     13 Error on Check No. 191* $10.00   14 Interest earned 2.00 12.00 15     $1,804.00 16 Deduct:     17 NSF check $66.00   18 Bank service charge 15.00 81.00 19 Adjusted book balance   $1,723.00       *Accounts Payable was debited in original entry. Required:   Prepare the journal entries.

Based on the following bank reconciliation, prepare the journal entries:   Ruggero Celini Associates Bank Reconciliation July 31, 20 -- 1 Bank statement balance, July 31   $1,784.00 2 Add deposits in transit $418.50   3   100.50 519.00 4     $2,303.00 5 Deduct outstanding checks:     6 No. 185 $206.50   7 No. 203 317.40   8 No. 210 56.10 580.00 9 Adjusted bank balance   $1,723.00 10       11 Book balance, July 31   $1,792.00 12 Add:     13 Error on Check No. 191* $10.00   14 Interest earned 2.00 12.00 15     $1,804.00 16 Deduct:     17 NSF check $66.00   18 Bank service charge 15.00 81.00 19 Adjusted book balance   $1,723.00       *Accounts Payable was debited in original entry. Required:   Prepare the journal entries.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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Based on the following bank reconciliation, prepare the journal entries:
 
Ruggero Celini Associates
Bank Reconciliation
July 31, 20 --
1
Bank statement balance, July 31
 
$1,784.00
2
Add deposits in transit
$418.50
 
3
 
100.50
519.00
4
 
 
$2,303.00
5
Deduct outstanding checks:
 
 
6
No. 185
$206.50
 
7
No. 203
317.40
 
8
No. 210
56.10
580.00
9
Adjusted bank balance
 
$1,723.00
10
 
 
 
11
Book balance, July 31
 
$1,792.00
12
Add:
 
 
13
Error on Check No. 191*
$10.00
 
14
Interest earned
2.00
12.00
15
 
 
$1,804.00
16
Deduct:
 
 
17
NSF check
$66.00
 
18
Bank service charge
15.00
81.00
19
Adjusted book balance
 
$1,723.00
 
 
 
*Accounts Payable was debited in original entry.
Required:
  Prepare the journal entries.
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