The Cash account of Ronald Corporation had a balance of $3,520 at October 31, 2021 eluted were outstanding checks totaling $1,700 and an Goter post of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, tated an October 2 bank balance was an October 30 collection of $529 on account from a customer who pays the bank directly The bank statement also showed a interest revenue that Ronald earned on its bank balance, and an NSF check for $45 Ronald Corporation's bank reconciliation flows (Click the icon to view the bank reconciliation repon.) Read the requirement. Make the company's journal entries for transactions that arise from the bank entry. (Record debits first, then credits. Select the explanation on the last ine Record the bank collection. Date 2021 Ool 31 ocation Dale sach transaction October 31, 2021, and include an option tha Journal Entry Accounts and Explanations Debit Credit Record the interest revenue. The Cash account of Ronald Corporation had a balance of $3,520 at October 31, 2021. Included were outstanding checks totaling $1,700 and an October 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an October 31 balance of $5,186. Included in the bank balance was an October 30 collection of $529 on account from a customer who pays the bank directly. The bank statement also showed a $26 service charge, $8 of interest revenue that Ronald earned on its bank balance, and an NSF check for $45. Ronald Corporation's bank reconciliation follows. (Click the icon to view the bank reconciliation report.) Read the requirement. Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction October 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. Date 2021 Oct 31 Journal Entry Accounts and Explanations Debit Credit Record the interest revenue. Bank reconciliation report Ronald Corp. Bank Reconciliation October 31, 2021 Bank Books Balance, October 31 5,186 Balance, October 31 Add: Add: 500 Deposit in transit Bank collection 5,686 Interest revenue ling $1,700 a - er 31 balanc nt also show follows. EA $ 3,520 2021, and ind 529 8 4,057 Less: Outstanding checks Less: (1,700) Service charge (26) NSF check (45) (71) $ 3,986 3,986 Adjusted bank balance Adjusted book balance ck the icon to view the bank reconciliation report.) e e Re th ce 20 ct Requirement O Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction October 31, 2021, and include an explanation with each entry. Print Done The Cash account of Ronald Corporation had a balance of $3,520 at October 31, 2021. Included were outstanding checks totaling $1,700 and an October 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an October 31 balance of $5,186. Included in the bank balance was an October 30 collection of $529 on account from a customer who pays the bank directly. The bank statement also showed a $26 service charge, $8 of interest revenue that Ronald earned on its bank balance, and an NSF check for $45. Ronald Corporation's bank reconciliation follows. (Click the icon to view the bank reconciliation report.) Read the requirement. Record the interest revenue. Date 2021 Oct 31 Journal Entry Accounts and Explanations Debit Credit Record the bank service charge. Journal Entry The Cash account of Ronald Corporation had a balance of $3,520 at October 31, 2021. Included were outstanding checks totaling $1,700 and an October 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an October 31 balance of $5,186. Included in the bank balance was an October 30 collection of $529 on account from a customer who pays the bank directly. The bank statement also showed a $26 service charge, $8 of interest revenue that Ronald earned on its bank balance, and an NSF check for $45. Ronald Corporation's bank reconciliation follows. (Click the icon to view the bank reconciliation report.) Read the requirement. Record the bank service charge. Date 2021 Oct 31 Journal Entry Accounts and Explanations Debit Credit Record the NSF check returned by the bank. The Cash account of Ronald Corporation had a balance of $3,520 at October 31, 2021. Included were outstanding checks totaling $1,700 and an October 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an October 31 balance of $5,186. Included in the bank balance was an October 30 collection of $529 on account from a customer who pays the bank directly. The bank statement also showed a $26 service charge, $8 of interest revenue that Ronald earned on its bank balance, and an NSF check for $45. Ronald Corporation's bank reconciliation follows. (Click the icon to view the bank reconciliation report.) Read the requirement. Oct 31 Record the NSF check returned by the bank. Date 2021 Oct 31 Journal Entry Accounts and Explanations Debit Credit