QUESTION 4E8.9E8.9 (LO 3) Don Wyatt is unable to reconcile the bank balance at January 31. Don'sreconciliation is as follows.Prepare bank reconciliation and adjusting entries.Cash balance per bank$3,560.20Add: NSF check490.00Less: Bank service charge 25.00Adjusted balance per bank $4,025.20$3,875.20Cash balance per booksLess: Deposits in transitAdd: Outstanding checks530.00730.00Adjusted balance per books $4,075.20Instructionsa. Prepare a correct bank reconciliation.b. Journalize the entries required by the reconciliation.

E8.9 (LO 3) Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows. Prepare bank reconciliation and adjusting entries. Cash balance per bank Add: NSF check $3,560.20 490.00 Less: Bank service charge 25.00 Adjusted balance per bank $4,025.20 Cash balance per books $3,875.20 530.00 Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,075.20 730.00 Instructions a. Prepare a correct bank reconciliation. b. Journalize the entries required by the reconciliation.

E8.9 (LO 3) Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows. Prepare bank reconciliation and adjusting entries. Cash balance per bank Add: NSF check $3,560.20 490.00 Less: Bank service charge 25.00 Adjusted balance per bank $4,025.20 Cash balance per books $3,875.20 530.00 Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,075.20 730.00 Instructions a. Prepare a correct bank reconciliation. b. Journalize the entries required by the reconciliation.

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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