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Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $3,678 Book balance: $1,846 Deposits in transit: $320 Outstanding
Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $3,678 Book balance: $1,846 Deposits in transit: $320 Outstanding checks: $108 and $534 Bank service charges: $25 Notes receivable: $1,500; Interest income: $35 If an amount box does not require an entry, leave it blank. Cash Notes Receivable Interest Income Bank Service Charges Cash X 00 000
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