The May Bank Statement for Accounting Services Shows a Balance

question 75

Multiple Choice

The May bank statement for Accounting Services shows a balance of $6,300,but the balance per books shows a cash balance of $7,980.Other information includes: 1.A check for $200 to pay the electric bill was recorded on the books as $20.
2) Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
3) Checks outstanding totaled $260.
4) Bank service charges were $50.
5) Deposits in transit were $2,140.
-According to the above Scenario.Which item(s) will require a journal entry to update the balance in the Cash account?

• A)Checks outstanding and deposits in transit
• B)Bank service charges,note collected by the bank,and deposits in transit
• C)Bank service charges,note collected by the bank,and error made by Accounting Services
• D)None of these answers are correct.

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