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Sage Hill Inc's bank statement from Main Street Bank at August 31, 2022. gives the following information $ 18,585 Bank debit memorandum Balance August 1
Sage Hill Inc's bank statement from Main Street Bank at August 31, 2022. gives the following information $ 18,585 Bank debit memorandum Balance August 1 $ 40 71,185 Safety deposit box fee August deposits 65 68,663 Service charge Checks cleared in August 21.062 Balance, August 31 Bank credit memorandum: Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance August 1, $ 18,885; receipts $ 74,185; disbursements $ 73,555, and balance, August 31. $ 19,515. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,815 and outstanding checks of $ 4,515. In addition, you determine that there was an error involving a company check drawn in August: A check for $ 400 to a creditor on account that cleared the bank in August was journalized and posted for $40. Journalize the adjusting entries to be made by Sage Hill Inc, at August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 (To record interest earned) Aug. 31 (To correct error in recording check) Aug. 31 (To record service charge and safety deposit box fee) e Textbook and Media List of Accounts
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