Question:

Using the following information, record journal entries that would be necessary after preparing the bank

        reconciliation for Louis Brothers.  All items will not require an entry.

 

a) Outstanding checks total $1,533.25.
b) The book balance is $5,695.62.
c) The bookkeeper recorded a $1,200 check as $12,000 in payment of the current month’s rent.
d) A deposit of $300 was credited to Louis Brothers for $3,000 by the bank.
e) A customer’s check for $450 was returned for nonsufficient funds. 

f) The bank service charge based on the bank statement is $35.

 

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1 Comment

AundreaBig · May 17, 2019 at 10:52 am

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