eBookPrintItem 3M5-9 (Algo) Preparing Journal Entries after a Bank Reconciliation [LO 5-4]For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)Outstanding checks of $12,800.Bank service charge of $10.Deposit in transit of $3,100.Interest earned of $13. M5-9 (Algo) Preparing Journal Entries after a Bank Reconciliation (LO 5-4]For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the first account field.)a. Outstanding checks of $12,800.b. Bank service charge of $10.c. Deposit in transit of $3,100.d. Interest earned of $13.View transaction listO Record the outstanding checks of $12,800.>2 Record the service charges of $10 deducted by the bank.3 Record the deposit in transit of $3,100.4Record the interest of $13 received from the bank.CreditNote := journal entry has been enteredRecord entryClear entryView general journal M5-9 (Algo) Preparing Journal Entries after a Bank Reconciliation (LO 5-4]For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the first account field.)a. Outstanding checks of $12,800.b. Bank service charge of $10.c. Deposit in transit of $3,100.d. Interest earned of $13.View transaction listJournal entry worksheet23>Record the outstanding checks of $12,800.Note: Enter debits before credits.TransactionGeneral JournalDebitCredita.Record entryClear entryView general journal

Outstanding checks does not represent any transaction.

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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Item 3

M5-9 (Algo) Preparing Journal Entries after a Bank Reconciliation [LO 5-4]

For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Outstanding checks of $12,800.
Bank service charge of $10.
Deposit in transit of $3,100.
Interest earned of $13.

M5-9 (Algo) Preparing Journal Entries after a Bank Reconciliation (LO 5-4]
For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field.)
a. Outstanding checks of $12,800.
b. Bank service charge of $10.
c. Deposit in transit of $3,100.
d. Interest earned of $13.
View transaction list
O Record the outstanding checks of $12,800.
>
2 Record the service charges of $10 deducted by the bank.
3 Record the deposit in transit of $3,100.
4
Record the interest of $13 received from the bank.
Credit
Note :
= journal entry has been entered
Record entry
Clear entry
View general journal

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