Given the following information for Teal Mountain Restaurant Supply Company, prepare the adjusting entries needed for its April bankreconciliation: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entriesbefore credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)Cash balance per books, 4/30Deposits in transitNotes receivable collected by bank (including interest of $280)Outstanding checksNSF check from Sandhill CompanyDate Account Titles and ExplanationApril 30April 30$20,000(To record NSF check)2,2509,4006,1002,200(To record collection of note receivable and interest by the bank)DebitCredit

A statement which is prepared to help the differences between the bank balance and company's cash…

Answered: Date Account Titles and Explanation…

Date Account Titles and Explanation April 30 April 30 (To record collection of note receivable and interest by the bank) (To record NSF check) Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Are 1 year certificates of deposit recorded on bank reconciliation?
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