### Bank Reconciliation Journal Entry**Scenario:**The company's bank reconciliation at June 30 included interest earned in the amount of $150. The task is to complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.**Instructions:**- Enter debits before credits.**Table Layout:**| Date | General Journal | Debit | Credit ||---------|-----------------|-------|--------|| June 30 | | | || | | | || | | | || | | | || | | | |This table is used to record the journal entry for the interest earned, ensuring that the correct accounts and amounts are chosen to reflect the transaction accurately. Debits and credits should balance, reflecting the increase in cash flow due to the interest earned.

Bank reconciliation Bank reconciliation statement is the statement which is prepared for the purpose…

The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Note: Enter debits before credits. Date June 30 General Journal Debit Credit

The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Note: Enter debits before credits. Date June 30 General Journal Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

### Bank Reconciliation Journal Entry

**Scenario:**
The company's bank reconciliation at June 30 included interest earned in the amount of $150. The task is to complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.

**Instructions:**
- Enter debits before credits.

**Table Layout:**

| Date | General Journal | Debit | Credit |
|---------|-----------------|-------|--------|
| June 30 | | | |
| | | | |
| | | | |
| | | | |
| | | | |

This table is used to record the journal entry for the interest earned, ensuring that the correct accounts and amounts are chosen to reflect the transaction accurately. Debits and credits should balance, reflecting the increase in cash flow due to the interest earned.

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