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1 1. Use the bank reconciliation provided to make the journal entries that White should record on October 3 1 to update his Cash account.
1 1. Use the bank reconciliation provided to make the journal entries that White should record on October 3 1 to update his Cash account. Include an explanation for each entry ournal Entry Date Accounts and Explanations Debit Credit Oct 31 Bank Reconciliation October 31, 2014 BANK: $ 715 1,780 2,495 (602) $1,893 Balance, October 31 Add Deposit in transit Less:Outstanding checks Adjusted bank balance BOOKS: Balance, October 31 $ 1,970 315 Add EFT collection - rent 2,285 Less: Correction of book error$ NSF checks Charge for printed checks Service charge 252 120 9(392) $1,893 Adjusted book balance
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