FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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### 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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Transcribed Image Text:### 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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