Transaction Outstanding check Interest income NFS check Wire transfer by customer Deposit in transit Bank charges No Journal Entry Needed Journal Entry Needed Debit Credit

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
Problem 1QTD
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Question. Which of the following transactions has to be recorded in the journal? Specify whether the entry will be a debit or a credit and the account to which it will be applied. If "NA" is not applicable, choose it.

Transaction
Outstanding check
Interest income
NFS check
Wire transfer by customer
Deposit in transit
Bank charges
No Journal
Entry
Needed
Journal
Entry
Needed
Debit
Credit
Transcribed Image Text:Transaction Outstanding check Interest income NFS check Wire transfer by customer Deposit in transit Bank charges No Journal Entry Needed Journal Entry Needed Debit Credit
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