Question
The bank statement contained two bank memoranda: 1. A credit of $2,242.00 for the collection for Bogalusa Company of an electronic funds transfer. 2. A
The bank statement contained two bank memoranda:
1. | A credit of $2,242.00 for the collection for Bogalusa Company of an electronic funds transfer. | |
2. | A debit for the printing of additional company checks $85.00. |
At November 30, the cash balance per books was $11,073.80 and the cash balance per bank statement was $17,712.50. The bank did not make any errors, but Bogalusa Company made two errors.
Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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