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Using the following information, prepare the journal entries to reconcile the bank statement. • Bank balance: $4,678 • Book balance: $3,046 • Deposits in transit: $320 • Outstanding checks: $108 and $334 • Bank service charges: $25 Notes receivable: $1,500; Interest income: $35

Using the following information, prepare the journal entries to reconcile the bank statement. • Bank balance: $4,678 • Book balance: $3,046 • Deposits in transit: $320 • Outstanding checks: $108 and $334 • Bank service charges: $25 Notes receivable: $1,500; Interest income: $35

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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#2 CengageNOWv2 | Online teachin x genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoe Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 • Book balance: $3,046 • Deposits in transit: $320 • Outstanding checks: $108 and $334 • Bank service charges: $25 • Notes receivable: $1,500; Interest income: $35 If an amount box does not require an entry, leave it blank.
Transcribed Image Text:#2 CengageNOWv2 | Online teachin x genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoe Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 • Book balance: $3,046 • Deposits in transit: $320 • Outstanding checks: $108 and $334 • Bank service charges: $25 • Notes receivable: $1,500; Interest income: $35 If an amount box does not require an entry, leave it blank.
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