Prior Info: Bill Murrays Company Information Cash Balance from the Bank Statement (12/31) - $17,215.89 Cash Balance from the Books (12/31) – $15,321.00 NSF (bounced) check returned with bank statement $1,000.22 Note Collected by bank on Bill Murray' behalf $200.55 Interest on note also collected by bank for Bill Murray $20.66 Bank Service Charge $45 Outstanding Checks $4,000.10 Deposits in Transit $1,281.20 SAME INFO AS PRIOR QUESTION Bill Murrays Company Information Cash Balance from the Bank Statement (12/31) - $17,215.89 Cash Balance from the Books (12/31) – $15,321.00 NSF (bounced) check returned with bank statement $1,000.22 Note Collected by bank on Bill Murray behalf $200.55 Interest on note also collected by bank for Bill Murray $20.66 Bank Service Charge $45 Outstanding Checks $4,000.10 Deposits in Transit $1,281.20 What is the net journal entry to the cash account for Murrays relating to the bank reconciliation? Enter a positive if it is a net debit and a negative if it is a net credit.

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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Prior Info:

Bill Murrays Company Information

Cash Balance from the Bank Statement (12/31) -                  $17,215.89

Cash Balance from the Books (12/31) –                                 $15,321.00

NSF (bounced) check returned with bank statement             $1,000.22 

Note Collected by bank on Bill Murray' behalf                     $200.55

Interest on note also collected by bank for Bill Murray         $20.66

Bank Service Charge                                                               $45

Outstanding Checks                                                                $4,000.10

Deposits in Transit                                                                  $1,281.20

 

SAME INFO AS PRIOR QUESTION

Bill Murrays Company Information

Cash Balance from the Bank Statement (12/31) -                  $17,215.89

Cash Balance from the Books (12/31) –                                 $15,321.00

NSF (bounced) check returned with bank statement             $1,000.22 

Note Collected by bank on Bill Murray behalf                     $200.55

Interest on note also collected by bank for Bill Murray         $20.66

Bank Service Charge                                                               $45

Outstanding Checks                                                                $4,000.10

Deposits in Transit                                                                  $1,281.20

 

 

What is the net journal entry to the cash account for Murrays relating to the bank reconciliation? Enter a positive if it is a net debit and a negative if it is a net credit. 

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