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.)
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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![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, selec
Do not indent manually.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdd53b44-bcc2-4d58-98ad-207179261121%2Fc64814ef-9784-462a-a253-371c36d34a21%2Fuq651fe_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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, selec
Do not indent manually.)
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