The bank reconciliation shows the following adjustments: • Deposits in transit: $882 • Notes receivable collected by bank: $1,040; interest: $35 • Outstanding checks: $580 • Error by bank: $310 • Bank charges: $40 Prepare the correcting journal entries. If an amount box does not require an entry, leave it blank. Accounts Payable Accounts Receivable Bank Service Charges Cash Interest Income

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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The bank reconciliation shows the following adjustments:
• Deposits in transit: $882
• Notes receivable collected by bank: $1,040; interest:
$35
• Outstanding checks: $580
• Error by bank: $310
• Bank charges: $40
Prepare the correcting journal entries. If an amount box
does not require an entry, leave it blank.
Accounts Payable
Accounts Receivable
Bank Service Charges
Cash
Interest Income
II II
II II
Transcribed Image Text:The bank reconciliation shows the following adjustments: • Deposits in transit: $882 • Notes receivable collected by bank: $1,040; interest: $35 • Outstanding checks: $580 • Error by bank: $310 • Bank charges: $40 Prepare the correcting journal entries. If an amount box does not require an entry, leave it blank. Accounts Payable Accounts Receivable Bank Service Charges Cash Interest Income II II II II
A. Started a petty cash fund in the amount of $300.
B. Replenished petty cash fund using the following
expenses: Auto Expense $20, Office Expense $60,
Postage Expense $60, Miscellaneous Expense $75. Cash
on hand is $85.
C. Increased petty cash by $150.
Record these transactions. If an amount box does not
require an entry, leave it blank.
А.
В.
С.
Auto Expense
Cash
Office Expense
Petty Cash
Postage Expense
II IIIII II
Transcribed Image Text:A. Started a petty cash fund in the amount of $300. B. Replenished petty cash fund using the following expenses: Auto Expense $20, Office Expense $60, Postage Expense $60, Miscellaneous Expense $75. Cash on hand is $85. C. Increased petty cash by $150. Record these transactions. If an amount box does not require an entry, leave it blank. А. В. С. Auto Expense Cash Office Expense Petty Cash Postage Expense II IIIII II
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