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Prepare the journal entries from the reconciliation process

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Reference no: EM131808538

Question - The following information is available for Ingrid's Company for the month ending June 30, 2015.

  • Balance per the bank statement is $10,241.43.
  • Balance per books is $9,745.06.
  • Check #506 for $1,948.52 and check #510 for $1,800.25 were not returned with the June 30 bank statement.
  • A deposit in transit of $5,113.40 had not been received by the bank when the bank statement was generated.
  • A bank debit memo indicated an NSF check in the amount of $79 written by Deck Tron to Ingrid's Company on June 13
  • A bank credit memo indicated a note collected by the bank of $1,900 and interest revenue of $75 on June 20.
  • The bank statement indicated service charges of $35.

Required: Prepare the journal entries from the reconciliation process in the company books.

Reference no: EM131808538

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