Question: All calculation processes are requiredthanks! The items below are used to reconcile ABC Company's book balance of cash with its bank statement cash balance as

 All calculation processes are requiredthanks! The items below are used to

All calculation processes are requiredthanks!

The items below are used to reconcile ABC Company's book balance of cash with its bank statement cash balance as of May 31. For each item, prepare the journal entry needed to bring the company's book balance of cash into agreement with the reconciled cash balance as of May 31: a) $87 interest earned on ABC Company's cash balance in the bank is not yet recorded by ABC Company. b) The bank collected $2,800 cash on a note receivable for ABC Company. ABC did not record this transaction before receiving the bank statement. c) A $325 NSF check received from a customer is shown on the bank statement, but not yet recorded by ABC Company d) The bank fee for $145 is shown on the bank statement, but not yet recorded by ABC Company

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