The bank reconciliation shows the following adjustments: Deposits in transit: $852 • Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank...


The bank reconciliation shows the following adjustments:<br>Deposits in transit: $852<br>• Notes receivable collected by bank: $1,000; interest: $20<br>Outstanding checks: $569<br>Error by bank: $300<br>Bank charges: $30<br>Using the following accounts:<br>Bank Errors<br>Bank Service Charges<br>Cash<br>Deposits in Transit<br>Interest Expense<br>Interest Income<br>Notes Receivable<br>Outstanding Checks<br>prepare the two correcting journal entries:<br>DR<br>[ Select ]<br>[ Select ]<br>CR<br>[ Select ]<br>[ Select ]<br>and<br>DR<br>[ Select ]<br>[ Select ]<br>CR<br>[ Select ]<br>[ Select ]<br>CR<br>[ Select ]<br>[ Select ]<br>PLEASE NOTE: You must enter the account names exactly as written above and all dollar amounts will<br>be with
> > > > "/>
Extracted text: The bank reconciliation shows the following adjustments: Deposits in transit: $852 • Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Using the following accounts: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks prepare the two correcting journal entries: DR [ Select ] [ Select ] CR [ Select ] [ Select ] and DR [ Select ] [ Select ] CR [ Select ] [ Select ] CR [ Select ] [ Select ] PLEASE NOTE: You must enter the account names exactly as written above and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). > > > > >

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here