Journal entries are the part of basic accounting or primary accounting. In journal entries there are two aspects one is debit and another is credit. These two aspects are always equal. Journal entries are base for the ledger and trial balance.Journal entries also include narration which is an explanatory sentence about transaction. To explain: Transaction of 27 t h February and 28 t h February both are expenses or not.

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The accounting records and bank statement of Orison Supply Store provide the following information at the end of April. The closing 'Cash' account balance was $28,560, and the bank statement shows a closing balance of $32,000. On reviewing the bank statement it is found an account customer has deposited $2,000 into the bank account for a March sale and the monthly insurance premium of $4,500 was automatically charged to the account. Interest of $5,10 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $1,500 to a supplier has been recorded twice in the accounts. After the ,calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account?

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Chapter 3, Problem 3.6.2AAMCP

To determine

Concept Introduction:Journal entries are the part of basic accounting or primary accounting. In journal entries there are two aspects one is debit and another is credit. These two aspects are always equal. Journal entries are base for the ledger and trial balance.Journal entries also include narration which is an explanatory sentence about transaction.

To explain:Transaction of 27^t^h February and 28^t^h February both are expenses or not.

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The accounting records and bank statement of Orison Supply Store provide the following information at the end of April. The closing 'Cash' account balance was $28,560, and the bank statement shows a closing balance of $32,000. On reviewing the bank statement it is found an account customer has deposited $2,000 into the bank account for a March sale and the monthly insurance premium of $4,500 was automatically charged to the account. Interest of $5,10 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $1,500 to a supplier has been recorded twice in the accounts. After the ,calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account?

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