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Prepare the compound general journal entry

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Reference no: EM131807832

Question 1

The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:

Item

Amount

Ending Cash per Bank Statement

$1,484

Ending Cash per Company Books

$1,681

Bank Service Charges

$11

Deposits in Transit

$317

Outstanding Cheques

$221

Customer Cheque returned NSF

$90

Use this information to prepare the compound General Journal entry (without explanation) for March 31, 2016, to cause the company books to match the adjusted cash balance based on the completed bank reconciliation. If no entry is required then write "No Entry Required."

Reference no: EM131807832

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