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As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information
As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available:
- Deposit in transit: $2,400.
- Credit memo in bank statement for interest earned in June: $30.
- Outstanding check: $6,690.
- Debit memo for service charge: $20.
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.)
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