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Balance per Bank Use the following partial bank reconciliation for Tulip Inc to answer the next two (2) questions. Balance per books Deposits in
Balance per Bank Use the following partial bank reconciliation for Tulip Inc to answer the next two (2) questions. Balance per books Deposits in transit $50,000 10,000 $51,800 Interest earned ? Outstanding checks 8,000 Service charge 20 NSF 120 Adjusted balance $52,000 Adjusted balance ? How much interest did Tulip earn? $60 $340 $300 $120 QUESTION 26 What would be the net increase in Tulip's cash account as a result of the above bank reconciliation? $140 $100 $340 $200
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