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Question - Stevie Nicks Company Information
Cash Balance from the Bank Statement (12/31) - $17,215.89
Cash Balance from the Books (12/31) - $15,321.00
NSF (bounced) check returned with bank statement $1,000.22
Note Collected by bank on Stevie Nicks' behalf $200.55
Interest on note also collected by bank for Stevie Nicks $20.66
Bank Service Charge $45
Outstanding Checks $4,000.10
Deposits in Transit $1,281.20
Required - What is the net journal entry to the cash account for Nicks relating to the bank reconciliation? Enter a positive if it is a net debit and a negative if it is a net credit.
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