please help prepare the journal entries after the bank reconciliation and adjusting entries are made
Homework Answers
Bank reconciliation
| Unadjusted balance | 2936 |
| Add: Deposit in transit | 655 |
| 3591 | |
| Less: Outstanding Check | -465 |
| Adjusted balance | 3126 |
| Unadjusted balance | 3194 |
| Less: Bank Charges | -50 |
| Less: Error in Book (97-79) | -18 |
| Adjusted balance | 3126 |
Adjusting entry
| Date | account and explanation | Debit | Credit |
| Bank Charges | 50 | ||
| Cash | 50 | ||
| (To record bank Charges) | |||
| Supplies (97-79) | 18 | ||
| Cash | 18 | ||
| (To record error) |
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