The following information pertaining to Saar Video Company 1. Cash balance per bank, July 31, BD 4,263 2. July BBK Bank service charge not recorded by the depositor BD 2.4 3. Cash balance per books, July 31, BD 4,284 4. Deposits in transit, July 31, BD 730 5. BBK Bank collected BD 419 note for Saar Video in July, plus interest BD 3.6, less fee BD 2.2. The collection has not been recorded by Saar Video Co., and no interest has been accrued. 6. Outstanding checks, July 31, BD 291. Required (Prepare a bank reconciliation at July 31.

The following information pertaining to Saar Video Company 1. Cash balance per bank, July 31, BD 4,263 2. July BBK Bank service charge not recorded by the depositor BD 2.4 3. Cash balance per books, July 31, BD 4,284 4. Deposits in transit, July 31, BD 730 5. BBK Bank collected BD 419 note for Saar Video in July, plus interest BD 3.6, less fee BD 2.2. The collection has not been recorded by Saar Video Co., and no interest has been accrued. 6. Outstanding checks, July 31, BD 291. Required (Prepare a bank reconciliation at July 31.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 6EB: The bank reconciliation shows the following adjustments. Deposits in transit: $1,698 Notes...

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The bank reconciliation shows the following adjustments. Deposits in transit: $1,698 Notes receivable collected by bank: $2,500; interest: $145 Outstanding checks: $987 Error by bank: $436 Bank charges: $70 Prepare the correcting journal entry.
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