Wildhorse Company needs to make adjusting entries for each of the following reconciling items, Identify the account to be debited and the account to be credited in each case 1. 2 3 A check for $76 written to the company by J Anderson was returned NSF The monthly service charge by the bank was $46. The bank collected a $2.000 note plus interest of $71 on the company's behalf. The company had not accrued the interest. Debit Credit: Debit: Credit: Debit: Credit:

Wildhorse Company needs to make adjusting entries for each of the following reconciling items, Identify the account to be debited and the account to be credited in each case 1. 2 3 A check for $76 written to the company by J Anderson was returned NSF The monthly service charge by the bank was $46. The bank collected a $2.000 note plus interest of $71 on the company's behalf. The company had not accrued the interest. Debit Credit: Debit: Credit: Debit: Credit:

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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