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Given the following information for Steve & Company, determine the journal entry necessary to adjust the Cash Account. Answer to nearest whole dollar without any

Given the following information for Steve & Company, determine the journal entry necessary to adjust the Cash Account. Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).

Balance per bank statement, October 31

$15,929

Balance per Cash account in ledger, October 31

16,699

Outstanding checks at October 31

3,569

Deposit in transit dated October 31

1,278

Bank service charges for October

58

Check from a customer returned by bank marked NSF

795

Selected Answer:

0

Correct Answer:

853 0

Response Feedback:

The general ledger account would be adjusted for the bank service fee and the NSF check. The entry would be:

Accounts Receivable

x

Bank Service Charges

x

Cash

x

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