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The accounting department prepares a bank reconciliation at the end of each month. The following Tableau Dashboard is provided assist in our reconciliation for the
The accounting department prepares a bank reconciliation at the end of each month. The following Tableau Dashboard is provided assist in our reconciliation for the month of November Bank Statement Balance $20,000 $15,000 $10,000 $5,000 $0 October 31 November 15 November 30 Book Balance $20,000 $15,000 $10,000 $5,000 $0 October 31 November 15 November 30 Sard nework Cash Interest Received on Bank Balance Total Deposits in Transit November 30 $250 November Bank Fees 540 330 $20 Check Printing Fees Service Fees $10 50 August September October November Outstanding Checks at Nov. 30 Check #1203 $100 Wire Transfer Fees Check #1278 $78 tableau 1. After preparing the bank reconciliation, record the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of November 30. Specifically record the: (1) cash interest received on the bank balance and (2) monthly bank fees (utled Miscellaneous Expense) 2. Assume that information from the Tableau Dashboard is insufficient to reconcile the two balances How would we report each of the following on the bank reconciliation? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After preparing the bank reconciliation, record the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of November 30. Specifically record the: (1) cash interest received on the bank balance and (2) monthly bank fees (titled Miscellaneous Expense) View transaction list Journal entry worksheet 2 Record the interest revenue. Note Enter debits before credits General Journal Date Nov 30 Debit Credit Reset Journal entry worksheet
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