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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

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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 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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