Solution-What would be the entries recorded

What would be the entries recorded

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Reference no: EM133183038

Question - Newport Manufacturing has prepared the following bank reconciliation statement:

Cash balance per bank statement	$4,560.20
Add: Deposits in transit	3240

Less: Outstanding checks	1520
Adjusted cash balance per bank	$6,280.20

Cash balance per books	$5,790.20
Add: bank collection_bill receivable	2600
Bank collection_interest	130
Less: NSF check	$2,020.00
Bank service charge	220
Adjusted cash balance per books	$6,280.20

The accountant has not yet prepared the accounting entries in the book.

Required - What would be the entries recorded?

Reference no: EM133183038

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What would be the entries recorded

Reference no: EM133183038

Reference no: EM133183038

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