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What am I missing? For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event,
What am I missing?
For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Outstanding checks of $13,600. b. Bank service charge of $50. c. Deposit in transit of $3,900. d. Interest earned of $21. Answer is not complete. No General Journal Debit Credit Transaction b. 2 50 Bank Charges Expense Cash 50 3 C. No Transaction Recorded 4 d. Cash 21 > DIS Interest Revenue 21 Step by Step Solution
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