Foyle Company needs to make adjusting entries for each of the following reconciling items. Identify the account to be debited and the account to be credited in each case.

1. A check for $59 written to the company by J. Hammond was returned NSF.

2. The monthly service charge by the bank was $34.

3. The bank collected a $1,000 note plus interest of $60 on the companys

behalf. The company had not accrued the interest.

The question is asking to only identify the account that should be debited or credited. I know the answer for that, but what I want to know is how would this look on an actual reconciliation sheet?

When I attempted it this is what I got.

This is a "per books" problem

bank collection + $1060

NSF - $59

Service charge - $34

Correc Cash Balance =$967