Refer to the following bank reconciliation:
Bank Book
Balance, June 30, 2017 $11,240 Balance, June 30, 2017 $10,200
Add: Add:
Deposit in transit 3,110 Note collected by bank 2,100
Interest revenue 55
Less: Less:
Outstanding checks #506 1,200 NSF check 85
Outstanding checks #510 900 Bank service charge 20
________ ________
Adjusted balance, Adjusted balance,
June 30, 2017 $12,250 June 30, 2017 $12,250
Journalize the adjusting entry for the second reconciling item: Interest revenue.
Cash 55
Interest Revenue 55
You might also like to view...
Coalition tactics are most likely exhibited when agents:
A. seek the aid of others to influence the target. B. ask targets to participate in activity planning. C. arouse enthusiasm or emotions in targets. D. ask others to provide favors out of friendship.
An insertion anomaly occurs when you enter data inaccurately
Indicate whether the statement is true or false