The Cash account of

Rinaldi

Corporation had a balance of

$3,620

at

August

31,

2021.

Included were outstanding checks totaling

$1,700

and an

August

31

deposit of

$200

that did not appear on the bank statement. The bank statement, which came from

Parway

State Bank, listed an

August

31

balance of

$5,633.

Included in the bank balance was an

August

30 collection of

$554

on account from a customer who pays the bank directly. The bank statement also showed a

$27

service charge,

$11

of interest revenue that

Rinaldi

earned on its bank balance, and an NSF check for

$25.

Rinaldi

Corporation's bank reconciliation follows.

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Question content area bottom

Part 1

Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction

August

31,

2021,

and include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Record the bank collection.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Aug	31

Part 2

Record the interest revenue.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Aug	31

Part 3

Record the bank service charge.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Aug	31

Part 4

Record the NSF check returned by the bank.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Aug	31