Question
Newport Manufacturing has prepared the following bank reconciliation statement: Cash balance per bank statement $4,560.20 Add: Deposits in transit 3240 Less: Outstanding checks 1520 Adjusted
Newport Manufacturing has prepared the following bank reconciliation statement:
| Cash balance per bank statement | $4,560.20 | ||
| Add: Deposits in transit | 3240 | ||
| Less: Outstanding checks | 1520 | ||
| Adjusted cash balance per bank | $6,280.20 | ||
| Cash balance per books | $5,790.20 | ||
| Add: bank collection_bill receivable | 2600 | ||
| Bank collection_interest | 130 | ||
| Less: NSF check | $2,020.00 | ||
| Bank service charge | 220 | ||
| Adjusted cash balance per books | $6,280.20 | ||
The accountant has not yet prepared the accounting entries in the book.
Required: What would be the entries recorded?
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Performance Audit In The Face Of The Financial And Economic Crisis Application Of The Quality Control Appropriate To The Risks
Authors: Laureano Triana Rubio
1st Edition
6203482390, 978-6203482393
