Please Refer to the Following Bank Reconciliation -Please Prepare the Adjusting Entry for the Second Reconciling Item

question 48

Essay

Please refer to the following bank reconciliation: $\begin{array}{lr}\begin{array}{lr}\text { BANK }\\\hline\text { Balance, June } 30,2014 & \$ 10,241.43 \\\text { ADD: } & \\\text { Deposit in transit } & 5,113.40 \\\\\\\text { LESS: } & \\\text { Outstanding Check\# 506 } & (1,948.52)\\\text { Outstanding Check\# 510 } & (1,800.25) \\\\\text { Adjusted balance, June 30,2014 }&\underline{ \$ 11,606.06 }\\\end{array}\begin{array}{|lr}\text { BOOK }\\\hline \text { Balance, June } 30,2014 & \$ 9,745.06 \\\text { ADD: } & \\\text { Note collected by bank } &1,900.00 \\ \text { Interest revenue } & 75.00 \\& \\\text { LESS: } & \\\text { NSF check } &(79.00) \\\text { Bank service charge } & (35.00) \\\\\text { Adjusted balance, June } 30,2014 & \underline{\$ 11,606.06} \\\end{array}\end{array}$


-Please prepare the adjusting entry for the second reconciling item (interest revenue.)
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Carries Oxygen

Refers to the function of hemoglobin in red blood cells, transporting oxygen from the lungs to the body's tissues.

ATP Producing Mitochondria

ATP producing mitochondria refer to the mitochondria’s role in cellular respiration, where they convert nutrients into adenosine triphosphate (ATP), the cell’s main energy currency.

Houses ATP

An informal way of describing mitochondria, organelles within cells that generate adenosine triphosphate (ATP), the cell's main energy currency.

Holds DNA

A characteristic feature of cell nuclei and some organelles like mitochondria and chloroplasts, where they store genetic information.