Bank balance on bank statement is 10.165 TL and bank account ledger is 10.000 TL. The difference arose of 500 TL interest revenue and a 335 TL service charge. Which entry is made? a. 165 debit to 102-Bank and credit to 642-Interest revenue b. 500 debit to 642-Interest revenue and credit to 102-Bank ; 335 TL debit to 102-Bank and credit to 770-GAE c. 500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 780-Financing Expense and credit to 102-Bank d. 500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 770-GAE and credit to 102-Bank
Bank balance on bank statement is 10.165 TL and bank account ledger is 10.000 TL. The difference arose of 500 TL interest revenue and a 335 TL service charge. Which entry is made? a. 165 debit to 102-Bank and credit to 642-Interest revenue b. 500 debit to 642-Interest revenue and credit to 102-Bank ; 335 TL debit to 102-Bank and credit to 770-GAE c. 500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 780-Financing Expense and credit to 102-Bank d. 500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 770-GAE and credit to 102-Bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Bank balance on bank statement is 10.165 TL and bank account ledger is 10.000 TL. The difference arose of 500 TL interest revenue and a 335 TL service charge. Which entry is made?
a.
165 debit to 102-Bank and credit to 642-Interest revenue
b.
500 debit to 642-Interest revenue and credit to 102-Bank ; 335 TL debit to 102-Bank and credit to 770-GAE
c.
500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 780-Financing Expense and credit to 102-Bank
d.
500 debit to 102-Bank and credit to 642-Interest revenue; 335 TL debit to 770-GAE and credit to 102-Bank
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