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Unformatted text preview: 36,000 Interest Income 400 Note and interest collected by bank 30 Cash 460 Interest Income 460 Interest earned 30 Advertising Expense 396 Cash 396 To correct check recorded in error 2,420 - 2,024 = 396 30 Bank Service Charge Expense 26 Cash 26 Bank service charge for April 30 Accounts Receivable 1,140 Cash 1,140 NSF check of Chad Altier returned $149,473.28 A Bank reconcilation is important as it allows for verification of funds moving in and out of the company, as well as for adjustments to be made and reflective of correct cash balances....
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- Spring '11