Using the following information: • Bank balance: $3,678 • Book balance: $2,547 • Deposits in transit: $321 • Outstanding checks: $108 and $334 • Bank charges: $25 • Notes receivable: $1,000; interest: $35 and using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks you are to prepare a bank reconciliation: Bank Balance ( Select ) Book Balance ( Select) Add items: Add items: ( Select) ( Select ) ( Select) ( Select) ( Select) ( Select) | Select) ( Select) Less items: Less items: ( Select) (Select) ( Select) ( Select) ( Select ) (Select) I Select) ( Select) Adjusted Bank Bal. ( Select) Adjusted Book Bal. (Select] ) PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas as needed (l.e. $12,345). Using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Income Outstanding Checks Interest Expense Notes Receivable prepare the two correcting journal entries: DR [Select) ( Select) CR ( Select) ( Select) CR ( Select) ( Select ] and DR ( Select) ( Select) CR ( Select ) ( Select) PLEASE NOTE: You must enter the account or item names exactly as written above and all dollar amounts will be with "$" and commas as needed (l.e. $12,345). > > > >
Using the following information: • Bank balance: $3,678 • Book balance: $2,547 • Deposits in transit: $321 • Outstanding checks: $108 and $334 • Bank charges: $25 • Notes receivable: $1,000; interest: $35 and using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks you are to prepare a bank reconciliation: Bank Balance ( Select ) Book Balance ( Select) Add items: Add items: ( Select) ( Select ) ( Select) ( Select) ( Select) ( Select) | Select) ( Select) Less items: Less items: ( Select) (Select) ( Select) ( Select) ( Select ) (Select) I Select) ( Select) Adjusted Bank Bal. ( Select) Adjusted Book Bal. (Select] ) PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas as needed (l.e. $12,345). Using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Income Outstanding Checks Interest Expense Notes Receivable prepare the two correcting journal entries: DR [Select) ( Select) CR ( Select) ( Select) CR ( Select) ( Select ] and DR ( Select) ( Select) CR ( Select ) ( Select) PLEASE NOTE: You must enter the account or item names exactly as written above and all dollar amounts will be with "$" and commas as needed (l.e. $12,345). > > > >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Using the following information:
Bank balance: $3,678
Book balance: $2,547
Deposits in transit: $321
Outstanding checks: $108 and $334
Bank charges: $25
Notes receivable: $1,000; interest: $35
and using the following accounts/items:
Bank Errors
Bank Service Charges
Cash
Deposits in Transit
Interest Expense
Interest Income
Notes Receivable
Outstanding Checks
you are to prepare a bank reconciliation:
Bank Balance
[ Select ]
Book Balance
[ Select]
Add items:
Add items:
[ Select ]
[ Select ]
[ Select]
[ Select ]
[ Select ]
[ Select ]
[ Select ]
[ Select ]
Less items:
Less items:
[ Select ]
[ Select ]
[ Select]
[ Select ]
[ Select ]
[ Select ]
[ Select]
[ Select ]
Adjusted Bank Bal.
[ Select ]
Adjusted Book Bal.
[ Select ]
PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas as needed (i.e. $12,345).
Using the following accounts/items:
Bank Errors
Bank Service Charges
Cash
Deposits in Transit
Interest Expense
Interest Income
Notes Receivable
Outstanding Checks
prepare the two correcting journal entries:
DR
[ Select ]
[ Select ]
[ Select ]
[ Select ]
CR
[ Select ]
[ Select ]
CR
and
DR
[ Select ]
[ Select ]
[ Select]
[ Select ]
CR
PLEASE NOTE: You must enter the account or item names exactly as written above and all dollar amounts will be with "$" and commas as needed (i.e. $12,345).
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf80d695-65bc-4bfc-b636-07e1e9e9e58c%2Ffcade553-6fe5-45a7-a74b-26118a0181e2%2Fqkspr1h_processed.png&w=3840&q=75)
Transcribed Image Text:Using the following information:
Bank balance: $3,678
Book balance: $2,547
Deposits in transit: $321
Outstanding checks: $108 and $334
Bank charges: $25
Notes receivable: $1,000; interest: $35
and using the following accounts/items:
Bank Errors
Bank Service Charges
Cash
Deposits in Transit
Interest Expense
Interest Income
Notes Receivable
Outstanding Checks
you are to prepare a bank reconciliation:
Bank Balance
[ Select ]
Book Balance
[ Select]
Add items:
Add items:
[ Select ]
[ Select ]
[ Select]
[ Select ]
[ Select ]
[ Select ]
[ Select ]
[ Select ]
Less items:
Less items:
[ Select ]
[ Select ]
[ Select]
[ Select ]
[ Select ]
[ Select ]
[ Select]
[ Select ]
Adjusted Bank Bal.
[ Select ]
Adjusted Book Bal.
[ Select ]
PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas as needed (i.e. $12,345).
Using the following accounts/items:
Bank Errors
Bank Service Charges
Cash
Deposits in Transit
Interest Expense
Interest Income
Notes Receivable
Outstanding Checks
prepare the two correcting journal entries:
DR
[ Select ]
[ Select ]
[ Select ]
[ Select ]
CR
[ Select ]
[ Select ]
CR
and
DR
[ Select ]
[ Select ]
[ Select]
[ Select ]
CR
PLEASE NOTE: You must enter the account or item names exactly as written above and all dollar amounts will be with "$" and commas as needed (i.e. $12,345).
>
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