Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.)
Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.)
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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![Required information
[The following information applies to the questions displayed below.]
As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance
was $15,200. The following information is available:
1. Deposit in transit: $2,400.
2. Credit memo in bank statement for interest earned in June: $30.
3. Outstanding check: $6,690.
4. Debit memo for service charge: $20.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for
a transaction/event, select "No journal entry required" in the first account field.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f609380-52d4-4bdf-aff5-843dfdbec1ab%2Fba1a60b2-f38d-444f-a6cf-3a964b836144%2F73sa517_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance
was $15,200. The following information is available:
1. Deposit in transit: $2,400.
2. Credit memo in bank statement for interest earned in June: $30.
3. Outstanding check: $6,690.
4. Debit memo for service charge: $20.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for
a transaction/event, select "No journal entry required" in the first account field.)
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