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The August bank statement and cash T - account for Martha Company follow: No deposits were in transit and no checks were outstanding at the
The August bank statement and cash Taccount for Martha Company follow:
No deposits were in transit and no checks were outstanding at the end of July.
CPAlgo Part
Prepare any journal entries that the company should make as a result of the bank reconciliation. If transactionevent select No Journal Entry Required" in the first account field.
A Record the interest of $ recelved from the bank.
B Record the service charges of $ deducted by the bank.
C Record the checks outstanding at the end of the month.
Record the deposits in transit at the end of the month.
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