Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 7 - Cash and Receivables - Brief Exercises - Page 407: BE7-16

Answer

(b) Cash...................................................................................... 31 …………………..Interest Revenue..................................................... 31 (c) Bank Charges...................................................................... 25 …………………..Cash........................................................................... 25 (e) Accounts Receivable........................................................ 377 ………………….Cash........................................................................... 377

Work Step by Step

All “…balance per book,” modifications in the reconciliation calls for a journal entry as shown above.
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