1 Be. 204-7 Given the following information for Nelson Company, prepare the adjusting entries needed for...
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1 Be. 204-7 Given the following information for Nelson Company, prepare the adjusting entries needed for its April bank reconciliation: Cash balance per books, 4/30 $18,000 Deposits in transit 2,250 Notes receivable collected by bank (including interest of $200) 7,200 Outstanding checks 6,050 NSF check from Randolph Company 1,150 204 April Cash 30 Notes Receivable Interest Revenue (To record collection of note receivable and interest by the bank) Apr 30 Accounts Receivable Cash 1 Be. 204-7 Given the following information for Nelson Company, prepare the adjusting entries needed for its April bank reconciliation: Cash balance per books, 4/30 $18,000 Deposits in transit 2,250 Notes receivable collected by bank (including interest of $200) 7,200 Outstanding checks 6,050 NSF check from Randolph Company 1,150 204 April Cash 30 Notes Receivable Interest Revenue (To record collection of note receivable and interest by the bank) Apr 30 Accounts Receivable Cash
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Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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