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A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit Less: Outstanding checks Adjusted cash balance
A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit Less: Outstanding checks Adjusted cash balance per bank Cash balance per books Add: Electronic funds transfer received $2,700 Interest earned 40 Less: NSF check-J. King Bank charges Adjusted cash balance per books 460 30 $18,750 2,180 20,930 1.130 19,800 17,550 2,740 20,290 490 $19,800 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
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