Answers
2a | |||
Bank Reconciliation | |||
December 31,2021 | |||
Bank's Cash balance | Company's Cash balance | ||
Per bank statement | 53630 | Per general ledger | 58730 |
Deposits outstanding | 12000 | Interest earned | 400 |
Checks outstanding | -6800 | Service Fees | -300 |
Bank balance per reconciliation | 58830 | Company balance per reconciliation | 58830 |
2b | |||
General Journal | Debit | Credit | |
Cash | 400 | =300+100 | |
Interest revenue | 400 | ||
General Journal | Debit | Credit | |
Service fees expense | 300 | =150+150 | |
Cash | 300 |
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