Problem 1 Bank Reconciliation + Sacred Grounds, a coffee shop, had the following information for January...

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Problem 1– Bank Reconciliation + Sacred Grounds, a coffee shop, had the following information for January 31, 2019: Balance on bank statement, January 31, 2019 Service charges for January 2019 Interest earned $42,000 25 18 Cash account balance on books, January 31, 2019 Deposits in transit Check received by us from customer was returned by bank as NSF Collections of accounts receivable made directly by bank Outstanding checks Check we wrote for $4,000 recorded in error by bank as $4,800. 39,500 18,000 |+ $1,900 $3,900 19,307 Prepare the bank reconciliation for Sacred Grounds for January 2019 and prepare the necessary journal entries for January 31, 2019. Problem 1– Bank Reconciliation + Sacred Grounds, a coffee shop, had the following information for January 31, 2019: Balance on bank statement, January 31, 2019 Service charges for January 2019 Interest earned $42,000 25 18 Cash account balance on books, January 31, 2019 Deposits in transit Check received by us from customer was returned by bank as NSF Collections of accounts receivable made directly by bank Outstanding checks Check we wrote for $4,000 recorded in error by bank as $4,800. 39,500 18,000 |+ $1,900 $3,900 19,307 Prepare the bank reconciliation for Sacred Grounds for January 2019 and prepare the necessary journal entries for January 31, 2019.

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Sacred Grounds Bank Reconciliation January 31 2019 Bank statement bal... View the full answer