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Home Q & A Board Other Fields Homework Help Business Accounting
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jboutdy jboutdy
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5 years ago
Refer to the following bank reconciliation:

BankBook
Balance, June 30, 2017$11,240Balance, June 30, 2017$10,200
Add:Add:
Deposit in transit3,110Note collected by bank2,100
Interest revenue55
Less:Less:
Outstanding checks #5061,200NSF check85
Outstanding checks #510900Bank service charge20
________________
Adjusted balance, Adjusted balance,
June 30, 2017$12,250June 30, 2017$12,250

Journalize the adjusting entry for the first reconciling item: Note collected by bank.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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YogenYogen
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5 years ago
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jboutdy Author
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#2
5 years ago
Such a godsend, you helped me and my friend big time
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