Question 3 The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected...

Transcribed Image Text:

Question 3 The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 . Outstanding checks: $569 Error by bank: $300 . Bank charges: $30 Using the following accounts: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks prepare the two correcting journal entries: and DR [Select] CR [Select] [Select] [Select] DR [Select] [Select] DR 10 pts Question 3 The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 . Outstanding checks: $569 Error by bank: $300 . Bank charges: $30 Using the following accounts: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks prepare the two correcting journal entries: and DR [Select] CR [Select] [Select] [Select] DR [Select] [Select] DR 10 pts