Problem:
Habo Corporation is preparing a bank reconciliation and has identified the following potential reconciling items.
a) Deposit in transit $6,348.
b) Bank service charges $39.
c) Interest credited to Horton's account $49.
d) Outstanding checks $7,620.
e) NSF check returned $497.
Required:
Question: Prepare necessary journal entries to make Horton's accounting records correct and complete.
Note: Please show the work not just the answer.