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Author Question: The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books ... (Read 37 times)

scienceeasy

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on: Nov 11, 2019
The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes

1. A cheque for $200 to pay the electric bill was recorded on the books as $20.
2. Included on the bank statement was a note collected by the bank for $300 plus interest of $30.
3. Cheques outstanding totaled $360.
4. Bank service charges were $50.
5. Deposits in transit were $2,140.

Which item(s) will require a journal entry to update the balance in the Cash account?
◦ Bank service charges, note collected by the bank, and error made by Accounting Services
◦ Cheques outstanding and deposits in transit
◦ Bank service charges, note collected by the bank, and deposits in transit
◦ None of these answers are correct.
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Marked as best answer by scienceeasy on Nov 11, 2019

verrinzo

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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scienceeasy

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

kishoreddi

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Reply 3 on: Yesterday
Wow, this really help

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