The following information is available for the Victor Company for its March 31 bank reconciliation:
From the March 31 bank statement:
NSF: A check from a customer,Booker Co.in payment of their account.
IN: Interest earned on the account.
From the Victor Company's accounting records:
1.Based on the above information,prepare a bank reconciliation for the Victor Company.
2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.

Question

The following information is available for the Victor Company for its March 31 bank reconciliation:
From the March 31 bank statement:
   NSF: A check from a customer,Booker Co.in payment of their account.
IN: Interest earned on the account.
From the Victor Company's accounting records:
    1.Based on the above information,prepare a bank reconciliation for the Victor Company.
2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.

Quizplus · Accepted Answer

The Answer of The following information is available for the Victor Company for its March 31 bank reconciliation:
From the March 31 bank statement:
   NSF: A check from a customer,Booker Co.in payment of their account.
IN: Interest earned on the account.
From the Victor Company's accounting records:
    1.Based on the above information,prepare a bank reconciliation for the Victor Company.
2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.

The Following Information Is Available for the Victor Company for Its