Question: The April 3 0 , Current Year, bank statement and the April ledger account for cash showed the following ( summarized ) : A comparison
The April Current Year, bank statement and the April ledger account for cash showed the following summarized:
A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $including $ written before and $ written during April No deposits in transit were carried over from March, but a deposit was in transit at the end of April.
Prepare the journal entries that the company should make as a result of the bank reconciliation.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Record the entry for deposits during April
record the entry for checks cleared during april
Record interest collected
Record customers check returned, insuffiecient funds
Record the bank service charges deducted from bank statement
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