Cheyenne Corporation is preparing a bank reconciliation and has identified the following potential reconciling items.(a)Deposit in transit $6,590.(b)Bank service charges $27. (Use Office Expense account.)(c)Interest credited to Cheyenne's account $41.(d)Outstanding checks $7,670.(e)NSF check returned $480.Prepare entries necessary to make Cheyenne's accounting records correct and complete. (If no entry is required, selecDo not indent manually.)

Journal Entry: Journal entry has two effects for every transaction. The journal entry is passed by…

Cheyenne Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,590. Bank service charges $27. (Use Office Expense account.) (c) (d) (b) Interest credited to Cheyenne's account $41. Outstanding checks $7,670. (e) NSF check returned $480. Prepare entries necessary to make Cheyenne's accounting records correct and complete. (If no entry is required, sele Do not indent manually.)

Cheyenne Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,590. Bank service charges $27. (Use Office Expense account.) (c) (d) (b) Interest credited to Cheyenne's account $41. Outstanding checks $7,670. (e) NSF check returned $480. Prepare entries necessary to make Cheyenne's accounting records correct and complete. (If no entry is required, sele Do not indent manually.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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