Question

Member FDIC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 377-OKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 NO. Total NO. Total $7,600 3 $5,708 7 $ 8,498 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/10 $ 2,540 DEP 7/2 530 $ 570 CHK 7/22 3,120 DEP 7/10 531 1,480 CHK 7/31 48 INT 7/14 532 1,940 CHK 7/18 380 NSF 7/22 533 3,600 CHK 7/26 480 EFT 7/30 SF Ending Balance July 31, 2021 $ 4,810 Daily Balance Date Amount 7/2 $ 7,030 7/10 8,090 7/14 6,150 7/18 5,770 7/22 5,290 7/26 4,810 7/30 4,767 7/31 $ 4,810 48 $5,708 $ 8,498 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds

Problem 4-3B Part 2

2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answer 1

Transaction Debit Credit 48 48 General Journal Cash Interest Revenue Equipment Accounts Receivable Service Fee Expense Office Supplies Cash 300 380 480 1,208