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I solved for part 1 but I need help with the journal entries: part b: part c: Required information Exercise 6-10A (Algo) Adjusting the cash
I solved for part 1 but I need help with the journal entries:
part b:
part c:
Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $18,091. The unadjusted Cash account balance was $16,616. The following information is available: 1. Deposit in transit: $2,155. 2. Credit memo in bank statement for interest earned in June: $6. 3. Outstanding check: $3,629. 4. Debit memo for service charge: $5. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record entry for bank service charge expense. Note: Enter debits before creditsStep by Step Solution
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