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, August 31 6,741 Add: Deposit in transit 5,728Single line Single line12,469 Less: Outstanding checks 6,065Single line Adjusted balance, August 31 Single line6,404Double line Balance per ledger, August 31 6,519 Add: Error correction* 106Single line Single line6,625 Less: NSF check 157 221Single line Service and collection charges 64Single line Single line Adjusted balance, August 31 Single line6,404Double line
Prepare the journal entry or entries needed to adjust or correct the Cash account.
Date Description Debit Credit August 31 August 31 August 31 August 31 August 31
Date Description Debit Credit August 31 Cash 106 August 31 Accounts Payable 106 August 31 Accounts Receivable 157 August 31 Bank Fees Expense 64 August 31 Cash 221 Description Amount Balance (ending) 4,659 Subcategory,ADD: Deposits in transit 300Single line Single line4,959 Subcategory,SUBTRACT: Outstanding checks 1,710Single line Adjusted Balance Single line3,249Double line Description Amount Balance (ending) 2,649 Subcategory,ADD: Bank Collections 620 Interest Revenue 10 Subcategory,SUBTRACT: Service Charge 30Single line Adjusted Balance Single line3,249Double line Date Description Debit Credit December 31 December 31 December 31 December 31 December 31 Date Description Debit Credit December 31 Cash 630 December 31 Accounts Receivable 620 December 31 Interest Revenue 10 December 31 Bank Fees Expense 30 December 31 Cash 30