Question: Make the necessary journal entries arising from Dee Zee Motors bank reconciliation presented next. Date each entry March 31 and include an explanation with each
Make the necessary journal entries arising from Dee Zee Motor€™s bank reconciliation presented next. Date each entry March 31 and include an explanation with each entry.
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Dee Zee Motors Bank Reconciliation March BANK BOOKS Bal, Mar 31 Add Deposit in transit $740 $ 500 Bal, Mar 31 Add 300 Interest revenue 800 10 750 ess Less Outstanding cheques Adjusted bank balance (20) (180 $550 Service charge (250) NSF cheques 550 Adjusted book balance
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