Prepare the Required Journal Entries from the Bank Reconciliation Below

question 73

Essay

Prepare the required journal entries from the bank reconciliation below as of the end of June:
The balance per general ledger is $200.
There is a debit memo for interest expense, $150.
There is a debit memo for a customer's NSF check $240.
Outstanding checks amount to $2,000.
This month's service charge amounts to $50.
Deposits in transit amount to $1,500.

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