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In preparing its bank reconciliation for the month of April 2022, Gregg, Inc. has available the following information. Balance per bank statement, 4/30/22 $39,140 NSF
In preparing its bank reconciliation for the month of April 2022, Gregg, Inc. has available the following information. Balance per bank statement, 4/30/22 $39,140 NSF check returned with 4/30/22 bank statement 450 Deposits in transit, 4/30/22 5,000 Outstanding checks, 4/30/22 5,200 Bank service charges for April 20 Note collected by bank 1,000 Balance per book, 4/30/22 38,410 Show all computations.
a. Prepare the bank reconciliation.
b. Prepare the adjusting journal entry or entries.
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