The bank reconciliation shows the following adjustments: Deposits in transit: $852 • Notes receivable collected by bank: $1,000; interest: $20 • Outstanding checks: $569 Error by bank: $300 • Bank charges: $30 Jsing the following accounts: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks prepare the two correcting journal entries: DR [ Select ] [ Select ] CR [ Select ] [ Select ] and DR [ Select ] [ Select ] CR [ Select ] [ Select ] CR [ Select ] [ Select ] > >

The bank reconciliation shows the following adjustments: Deposits in transit: $852 • Notes receivable collected by bank: $1,000; interest: $20 • Outstanding checks: $569 Error by bank: $300 • Bank charges: $30 Jsing the following accounts: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks prepare the two correcting journal entries: DR [ Select ] [ Select ] CR [ Select ] [ Select ] and DR [ Select ] [ Select ] CR [ Select ] [ Select ] CR [ Select ] [ Select ] > >

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 7.3BE

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