bigmoomoo
Mar 28, 2014, 08:09 PM
When doing the bank reconciliation for the company, you discover a difference of $15.83 consisting of a bad check charge of $35, interest on the charge of $0.83, and an error you made in recording a check for supplies for $20. What are the accounts affected by the general journal entry to correct this imbalance?
I tried the following entry:
Account name
Bank Service Charge = DR $35.00
Interest expense = DR $ 0.83
Accounts payable = CR $15.83
Supplies = CR $20.00
I tried the following entry:
Account name
Bank Service Charge = DR $35.00
Interest expense = DR $ 0.83
Accounts payable = CR $15.83
Supplies = CR $20.00