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Question 4 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Star Inc. for the
Question 4 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Star Inc. for the month ended September 30, 2015. Please enter journal entries for each of the following, if required. 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque Bank statement balance. Add: Outstanding deposit... Star Inc. Bank Reconciliation August 31, 2015 22,100 Book balance... Add: 1,450 Interest earned... 23,550 Deduct: 22,444 11 22,455 Deduct: Bank service charge... 5 #333 1,100 22,450 Adjusted book balance... 22,450 Outstanding cheques: Adjusted bank balance...
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