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As of June 30, Year 1, the bank statement showed an ending balance of $17,019. The unadjusted Cash account balance was $16,300. The following information
As of June 30, Year 1, the bank statement showed an ending balance of $17,019. The unadjusted Cash account balance was $16,300. The following information is available:Record entry for interest revenue.
Record entry for bank service charge expense.
! Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $17,019. The unadjusted Cash account balance was $16,300. The following information is available: 1. Deposit in transit: $2,670. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check: $3,384. 4. Debit memo for service charge: $9. 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.)Step by Step Solution
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