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 $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. 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.)
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 $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. 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.)
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 $19,500. The unadjusted Cash account balance
was $15,200. The following information is available:
1. Deposit in transit: $2,400.
2. Credit memo in bank statement for interest earned in June: $30.
3. Outstanding check: $6,690.
4. Debit memo for service charge: $20.
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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d16f53f-3591-483c-a0c0-642a2d5b62fd%2F5044bcce-c1e9-438e-a8e4-38c4ec8e14e3%2F4o3lyd_processed.png&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 $19,500. The unadjusted Cash account balance
was $15,200. The following information is available:
1. Deposit in transit: $2,400.
2. Credit memo in bank statement for interest earned in June: $30.
3. Outstanding check: $6,690.
4. Debit memo for service charge: $20.
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.)
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