From the following statement, please (1) complete the bank reconciliation for Jimmys Deli found on the reverse
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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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