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Prepare entries necessary to make Horton accounting records

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Reference no: EM133062365

Question - Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items.

(a) Deposit in transit $ 5,500.

(b) Bank service charges $ 25. (Use Office Expense account.)

(c) Interest credited to Horton's account $ 31.

(d) Outstanding checks $ 7,422.

(e) NSF check returned $ 377.

Required - Prepare entries necessary to make Horton's accounting records correct and complete?

Reference no: EM133062365

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