Control Features of a Bank Account: Reconciling the Bank Account (Entries from Bank Reco Knowledge Check A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit $18,200 2,100 20,300 Less: Outstanding checks 1,050 Adjusted cash balance per bank 19,250 Cash balance per books 17,000 Add: Electronic funds transfer received $2,650 Interest earned 30 2,680 19,680 Less: NSF check-J. King 400 Bank charges 30 430 Adjusted cash balance per books $19,250 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credi titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Nov 30 Cash Debit Credit
Control Features of a Bank Account: Reconciling the Bank Account (Entries from Bank Reco Knowledge Check A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit $18,200 2,100 20,300 Less: Outstanding checks 1,050 Adjusted cash balance per bank 19,250 Cash balance per books 17,000 Add: Electronic funds transfer received $2,650 Interest earned 30 2,680 19,680 Less: NSF check-J. King 400 Bank charges 30 430 Adjusted cash balance per books $19,250 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credi titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Nov 30 Cash Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Control Features of a Bank Account: Reconciling the Bank Account (Entries from Bank Reco
Knowledge Check
A bank reconciliation from Ware, Inc. is provided here.
Cash balance per bank statement
Add: Deposits in transit
$18,200
2,100
20,300
Less: Outstanding checks
1,050
Adjusted cash balance per bank
19,250
Cash balance per books
17,000
Add: Electronic funds transfer received
$2,650
Interest earned
30
2,680
19,680
Less: NSF check-J. King
400
Bank charges
30
430
Adjusted cash balance per books
$19,250
Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credi
titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Nov 30
Cash
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9bf67123-b445-409c-b287-0a721a0b62df%2Fd70e55d1-935a-4e10-8d0c-b97f603b238d%2Fuf0ohdb_processed.png&w=3840&q=75)
Transcribed Image Text:Control Features of a Bank Account: Reconciling the Bank Account (Entries from Bank Reco
Knowledge Check
A bank reconciliation from Ware, Inc. is provided here.
Cash balance per bank statement
Add: Deposits in transit
$18,200
2,100
20,300
Less: Outstanding checks
1,050
Adjusted cash balance per bank
19,250
Cash balance per books
17,000
Add: Electronic funds transfer received
$2,650
Interest earned
30
2,680
19,680
Less: NSF check-J. King
400
Bank charges
30
430
Adjusted cash balance per books
$19,250
Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credi
titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Nov 30
Cash
Debit
Credit
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