Secure https Acct 1 Spring 2018 22908 Test: Test 4-6 This Question: 1 pt Test.as

Question

Secure https Acct 1 Spring 2018 22908 Test: Test 4-6 This Question: 1 pt Test.aspxîtestld 1746699858icenterwinayes Max Moore &I; 318/18 2:57 PM Time Remaining: 02 2359 Submit Test This Test: 40 pts possib 12 of 40 (9 complete) The Cash account of Rettell Corp. reported a balance of $3,590 at August 31, 2016. Incladed were outstanding checks totaling $1,600 and an Auguast 31 deposit of $200 that did not appear on the bark stalement. The bank n the bank balance was an August 30 collection of $695 on account from a customer who pays the bank directly The bank statement shows a S 19 service charge. S20 of interest revenue that Rettel earned onts bank balance and an NSF check for SS Rettel Cap bat ieconciason folows )(Cick the icon to view the bank reconcilaton report) entries for transactions that arse from the bank reconciliation. Date each transaction August 31,2016 and include an explanatšion with each entry (Record debits first tfhen credits. Select the explanation on the last line of the joumal entry table) Record the bank collection Journal En Date Accounts and Explanations Credit 2016 Aug 31 Record the interest revenue Choose from any list or enter any number in the input fields and then continue to the next question 02 P TOSHIBA

Explanation / Answer

Journal Entries to correct the unadjusted book balance

Date

Particulats

Debit

Credit

Aug 31,2016

Cash A/c            Dr

$ 20

      To Interest Revenue A/c         Cr

$ 20

Aug 31,2016

Bank Service Charge Expense A/c                 Dr

$ 19

      To Cash A/c                      Cr

$ 19

Date

Particulats

Debit

Credit

Aug 31,2016

Cash A/c            Dr

$ 20

      To Interest Revenue A/c         Cr

$ 20

Aug 31,2016

Bank Service Charge Expense A/c                 Dr

$ 19

      To Cash A/c                      Cr

$ 19

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