Required Information [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $18,250. The unadjusted Cash account balance was $17,340 The following information is available: 1. Deposit in transit $2.950 2. Credit memo in bank statement for interest eamed in June: $14 3. Outstanding check $3,857 4. Debit memo for service charge: $11. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. If no entry is required for a transaction/event, select "No journal entry required in the first account field) Yiew transto
Required Information [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $18,250. The unadjusted Cash account balance was $17,340 The following information is available: 1. Deposit in transit $2.950 2. Credit memo in bank statement for interest eamed in June: $14 3. Outstanding check $3,857 4. Debit memo for service charge: $11. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. If no entry is required for a transaction/event, select "No journal entry required in the first account field) Yiew transto
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below]
As of June 30, Year 1, the bank statement showed an ending balance of $18,250. The unadjusted Cash account
balance was $17,340 The following information is available:
1. Deposit in transit $2,950
2. Credit memo in bank statement for interest eamed in June: $14.
3. Outstanding check: $3,857.
4. Debit memo for service charge: $11.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required
for a transaction/event, select "No journal entry required" in the first account field.)
View transaction list
Journal entry worksheet
1
2
Record entry for interest revenue.
Note: Enter debts before t
Event
A 1
General Journal
Debit
Creat](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7429d65-0891-447d-8913-e5f221875f1d%2Febd78e92-2fcc-41a2-8f57-22cc118671e0%2Ffjhe2ed_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below]
As of June 30, Year 1, the bank statement showed an ending balance of $18,250. The unadjusted Cash account
balance was $17,340 The following information is available:
1. Deposit in transit $2,950
2. Credit memo in bank statement for interest eamed in June: $14.
3. Outstanding check: $3,857.
4. Debit memo for service charge: $11.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required
for a transaction/event, select "No journal entry required" in the first account field.)
View transaction list
Journal entry worksheet
1
2
Record entry for interest revenue.
Note: Enter debts before t
Event
A 1
General Journal
Debit
Creat
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