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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). > > > >

FINANCIAL ACCOUNTING
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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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). >
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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