Given the following information for Teal Mountain Restaurant Supply Company, prepare the adjusting entries needed for its April bankreconciliation: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entriesbefore credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)Cash balance per books, 4/30Deposits in transitNotes receivable collected by bank (including interest of $280)Outstanding checksNSF check from Sandhill CompanyDate Account Titles and ExplanationApril 30April 30$20,000(To record NSF check)2,2509,4006,1002,200(To record collection of note receivable and interest by the bank)DebitCredit

A statement which is prepared to help the differences between the bank balance and company's cash…

Answered: Date Account Titles and Explanation…

Date Account Titles and Explanation April 30 April 30 (To record collection of note receivable and interest by the bank) (To record NSF check) Debit Credit

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Given the following information for Teal Mountain Restaurant Supply Company, prepare the adjusting entries needed for its April bank
reconciliation: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries
before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Cash balance per books, 4/30
Deposits in transit
Notes receivable collected by bank (including interest of $280)
Outstanding checks
NSF check from Sandhill Company
Date Account Titles and Explanation
April 30
April 30
$20,000
(To record NSF check)
2,250
9,400
6,100
2,200
(To record collection of note receivable and interest by the bank)
Debit
Credit

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