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Entries for Bank ReconciliationThe following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:Cash balance according to the company's records at July 31, $ 16,640. Cash balance according to the bank statement at July 31, $17,620. Checks outstanding, $ 3,380. Deposit in transit, not recorded by bank, $2,710. A check for $480 issued in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge. If an amount box does not require an entry, leave it blank.a. July 31b. July 31 Check My Work3 more Check My Work uses remaining.PreviousNext

Entries for Bank ReconciliationThe following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:Cash balance according to the company's records at July 31, $ 16,640. Cash balance according to the bank statement at July 31, $17,620. Checks outstanding, $ 3,380. Deposit in transit, not recorded by bank, $2,710. A check for $480 issued in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge. If an amount box does not require an entry, leave it blank.a. July 31b. July 31 Check My Work3 more Check My Work uses remaining.PreviousNext

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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Entries for Bank ReconciliationThe following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:Cash balance according to the company's records at July 31, $ 16,640. Cash balance according to the bank statement at July 31, $17,620. Checks outstanding, $ 3,380. Deposit in transit, not recorded by bank, $2,710. A check for $480 issued in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge. If an amount box does not require an entry, leave it blank.a. July 31b. July 31 Check My Work3 more Check My Work uses remaining. PreviousNext
Transcribed Image Text:Entries for Bank ReconciliationThe following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:Cash balance according to the company's records at July 31, $ 16,640. Cash balance according to the bank statement at July 31, $17,620. Checks outstanding, $ 3,380. Deposit in transit, not recorded by bank, $2,710. A check for $480 issued in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge. If an amount box does not require an entry, leave it blank.a. July 31b. July 31 Check My Work3 more Check My Work uses remaining. PreviousNext
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