Question

The Cash account of Reese Corporation had a balance of $3,540 at October 31, 2018. Included were outstanding checks totaling 1,800 and an October 31 deposit of $300 that did not appear on the bank statement The bank statement, which came from Tumstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly. The bank statement also showed a $30 service charge, $10 of interest revenue that Roese cared on its bank balance, and an NSF check for $50. Reese Corporation's bank reconciliation follows (Click the icon to view the bank reconciliation report.) Read the requirement Journal Entry Accounts and explanations Date Debit Credit 2018 Od 31 Debu Credit Record the interest revers Journal Entry Date Accounts and explanations 2018 Oct 31 Choose from any list or entor wy number in the input fields and then continue to the next question 946 5 S 5 4 7 6 3 T Y E R K к G H F S D

Answer 1

Answer -

In the books of Reese Corporation :

Date	Accounts and Explanation	Debit	Credit
2018		$	$
Oct 31	Cash	600
	Accounts Receivable		600
	To record direct deposit by customer into bank
Oct 31	Bank Service Charge Expense	30
	Cash		30
	To record bank service charges
Oct 31	Cash	10
	Interest Revenue		10
	To record interest earned on bank deposit
Oct 31	Accounts Receivable	50
	Cash		50
	To record customer's NSF check