From the following statement please 1 complete the bank reconciliation
From the following statement, please (1) complete the bank reconciliation for Jimmy’s Deli found on the reverse of the bank statement and (2) journalize the appropriate entries as needed.
a. A deposit of $2,300 is in transit.
b. Jimmy’s Deli has an ending checkbook balance of $4,470.
c. Checks outstanding: no. 111, $950; no. 119, $1,600; no. 121, $280.
d. Stanley Pennant’s check for $1,500 bounced due to lack of sufficientfunds.
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