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The May bank statement for Rental shows a balance of $6,400, but the balance per books shows a cash balance of $7,400. Other information includes:
The May bank statement for Rental shows a balance of $6,400, but the balance per books shows a cash balance of $7,400. Other information includes: 1. A check for $190 to pay the electric bill was recorded on the books as $20. 2. Included on the bank statement was a note collected by the bank for $360 plus interest of $30. 3. Checks outstanding totaled $270. 4. Bank service charges were $50. 5. Deposits in transit were $1,440. Which item(s) will require a journal entry to update the balance in the Cash account? O A. Bank service charges, note collected by the bank, and deposits in transit OB. Checks outstanding and deposits in transit OC. Bank service charges, note collected by the bank, and error made by the Bookkeeper OD. None of these answers is correct
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