Cooper Advisory Services identified the following items on its October reconciliation that may require adjusting entries:
a. A deposit of $670 was recorded in Cooper’s accounting records, but not on the October 31 bank statement.
b. A check for $5,444 was outstanding at October 31.
c. Included with the bank statement was a check for $300 written by Hooper Advertising Services. The bank had, in error, deducted this check from Cooper’s account.
d. Bank service charges were $250.
e. An NSF check written by one of Cooper’s customers in the amount of $987 was returned by the bank with Cooper’s bank statement. This customer was paying for merchandise originally purchased on account.
For each of these five items, prepare an adjusting entry for Cooper’s journal, if any is required.

  • CreatedSeptember 22, 2015
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