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Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Dylex Corporation for the month ended February 28,
Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Dylex Corporation for the month ended February 28, 2015. Please enter journal entries for each of the following, if required. 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque Bank statement balance Add: Outstanding deposit. Dylex Corporation Bank Reconciliation January 31, 2015 18,250 Book balance Deduct 18,152 Add: 750 Interest earned. 19,000 13 18,165 Deduct Bank service charge. 15 #413, 850 18,150 Adjusted book balance. 18,150 Outstanding cheques: Adjusted bank balance.
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