Prepare the journal entry for a bank service charge, Accounting Basics

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Prepare the journal entry for a bank service charge

In reconciling a bank statement, the bank statement balance is $1,000 and the balance per books is $1,205. A bank service charge is $5; a deposit in transit totals $500; and outstanding checks total $300. prepare the journal entry for a bank service charge would include ?

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Accounting Basics: Prepare the journal entry for a bank service charge

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Accounting Basics: Prepare the journal entry for a bank service charge

Reference No:- TGS047287

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Compute the amount of dividends that must have been paid

Q : Biggest concerns regarding risk

Q : What tiger would report a lifo inventory of

Q : Resources to develop and maintain a bcp-drp

Q : Prepare the journal entry for a bank service charge

Q : Find the optimal way to adjust tolls-raise tolls-lower tolls

Q : Calculate the present value of the following cash flows

Q : Deviate from the underlying economic reality

Q : Amount expected to be paid

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Prepare the journal entry for a bank service charge

Reference No:- TGS047287

Recent Questions Asked Accounting Basics

Q : Compute the amount of dividends that must have been paid

Q : Biggest concerns regarding risk

Q : What tiger would report a lifo inventory of

Q : Resources to develop and maintain a bcp-drp

Q : Prepare the journal entry for a bank service charge

Q : Find the optimal way to adjust tolls-raise tolls-lower tolls

Q : Calculate the present value of the following cash flows

Q : Deviate from the underlying economic reality

Q : Amount expected to be paid

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