Try another version of these questions Review the results from preparing Let's Be Safe Security Systems bank reconciliation. Journalize the company’s transactions that arise from the bank reconciliation.
Description Amount Total Balance per bank statement, March 31 7,122 Add: Deposit in transit 5,769Single line Single line12,891 Less: Outstanding checks 6,205Single line Adjusted balance, March 31 Single line6,686Double line Balance per ledger, March 31 6,900 Add: Error correction* 147Single line Single line7,047 Less: NSF check 298 361Single line Service and collection charges 63Single line Single line Adjusted balance, March 31 Single line6,686Double line
Prepare the journal entry or entries needed to adjust or correct the Cash account.
Date Description Debit Credit March 31 March 31 March 31 March 31 March 31
Date Description Debit Credit March 31 Cash 147 March 31 Accounts Payable 147 March 31 Accounts Receivable 298 March 31 Bank Fees Expense 63 March 31 Cash 361 Description Amount Balance (ending) 5,253 Subcategory,ADD: Deposits in transit 322Single line Single line5,575 Subcategory,SUBTRACT: Outstanding checks 1,704Single line Adjusted Balance Single line3,871Double line Description Amount Balance (ending) 3,243 Subcategory,ADD: Bank Collections 631 Interest Revenue 21 Subcategory,SUBTRACT: Service Charge 24Single line Adjusted Balance Single line3,871Double line Date Description Debit Credit December 31 December 31 December 31 December 31 December 31 Date Description Debit Credit December 31 Cash 652 December 31 Accounts Receivable 631 December 31 Interest Revenue 21 December 31 Bank Fees Expense 24 December 31 Cash 24