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1 Be. 204-7 Given the following information for Nelson Company, prepare the adjusting entries needed for its April bank reconciliation: Cash balance per books, 4/30

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1 Be. 204-7 Given the following information for Nelson Company, prepare the adjusting entries needed for its April bank reconciliation: Cash balance per books, 4/30 $18,000 Deposits in transit 2,250 Notes receivable collected by bank (including interest of $200) 7,200 Outstanding checks 6,050 NSF check from Randolph Company 1,150 204 April 30 Cash Notes Receivable Interest Revenue (To record collection of note receivable and interest by the bank) Apr 30 Accounts Receivable Cash

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