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Reindeer Company received a notice with its bank statement that the bank had collected a note receivable for $20,000 plus $2100 of interest. The bank

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Reindeer Company received a notice with its bank statement that the bank had collected a note receivable for $20,000 plus $2100 of interest. The bank had credited these amounts to Reindeer's accountless a collection fee of $150, Reindeer Company had already accrued the interest for this note on its books. A. How will these items affect Reindeer Company's bank reconciliation? B. Prepare the journal entry that Reindeer Company will make to record this information on its books. I GIE Reindeer Company received a notice with its bank statement that the bank had collected a note receivable for $20,000 plus $2100 of interest. The bank had credited these amounts to Reindeer's accountless a collection fee of $1sd Reindeer Company had already accrued the interest for this note on its books. A. How will these items affect Reindeer Company's bank reconciliation? B. Prepare the journal entry that Reindeer Company will make to record this information on its books

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