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Unformatted text preview: 5,000 Interest on Note Collected by Bank 55 Recording Error on a Check We Wrote 100 Check was written for $700 was recorded for $800 Subtract: Bank Service Charge (45) Bank Service Charge to Collect the Note (35) NSF Customer Check (6,000) Recording Error on a Check We Wrote (150) Check written for $500 was recorded for $350 Adjusted Balance per Books $25,500 Required Adjusting Entries Based on the Bank Reconciliation Dr. Cr. Cash 5,000 Note Receivable 5,000 Cash 55 Interest Revenue 55 Cash 100 Rent Expense 100 Service Charge Expense 45 Cash 45 Service Charge Expense 35 Cash 35 Accounts Receivable 6,000 Cash 6,000 Wage Expense 150 Cash 150 Balance per Books (per G/L Cash Account)...
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This note was uploaded on 02/09/2012 for the course ACC 221 taught by Professor Wiegand during the Fall '08 term at Miami University.
- Fall '08