Homework answers / question archive / The bank reconciliation shows the following adjustments: • Deposits in transit: $872 • Notes receivable collected by bank: $1,030; interest: $35 • Outstanding checks: $570 • Error by bank: $350 • Bank charges: $34 Prepare the correcting journal entries

The bank reconciliation shows the following adjustments: • Deposits in transit: $872 • Notes receivable collected by bank: $1,030; interest: $35 • Outstanding checks: $570 • Error by bank: $350 • Bank charges: $34 Prepare the correcting journal entries

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The bank reconciliation shows the following adjustments: • Deposits in transit: $872 • Notes receivable collected by bank: $1,030; interest: $35 • Outstanding checks: $570 • Error by bank: $350 • Bank charges: $34 Prepare the correcting journal entries. If an amount box does not require an entry, leave it blank. Bank Service Charges 34 Cash 34 Cash 1,065 Accounts Receivable 1,030 Interest Income 35