Question

2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Sept 30No joumal entry required 2Sept 30 Cash short and over Interest earned

Answer 1

			Bank Reconcilation
Bank Statement Balance				19,433.00	Book Balance				18,264
AddP					Add:
Deposit of Sept 30			1,739.00		Interest Earned			21
					Proceed from Note			1672
				1,739.00					1693
				21,172.00					19,957.00
Deduct:					Deduct:
Check No 5893			514		NSF Check			672
Check No 5906			986.00		Error (Check 5904)			41
Check No 5908			428						713
				1,928.00
Adjusted Bank Balance				19,244.00	Adjusted Book balance				19,244.00
	Adjusting entries
Date	Accounting titles & explanations				debit	Credit
2)	Cash				21
	interest earned					21
3)	Cash				1,672
	collection expense				18
	Note receivable					1,690
5)	Accounts receivable -S.Nilson				672
	Cash					672
6)	Computer Equipment				41
	cash					41
	1)	no entry required for deposit
	4)	no entry required for checks oustanding