Question
As of June 30, Year 1, the bank statement showed an ending balance of $18,383. The unadjusted Cash account balance was $17,353. The following information
As of June 30, Year 1, the bank statement showed an ending balance of $18,383. The unadjusted Cash account balance was $17,353. The following information is available: Deposit in transit: $2,000. Credit memo in bank statement for interest earned in June: $12. Outstanding check: $3,028. Debit memo for service charge: $mk10. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal entry
1. Record entry for interest revenue. adj 1
2. Record entry for bank service charge expense. adj 2
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