Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:

Question
Clayborn Company' bank reconciliation as of May 31 is shown below.
Bank balance
$15,800
Book balance
$17,025
Deposit in transit
Bank service fees
5,200
-25
- Outstanding checks
-4,600
NSF returned
-600
$16,400
$16,400
Adjusted bank balance
Adjusted book balance
One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
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Transcribed Image Text

Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:

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