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Roper Electronics received its bank statement for the month of August with an ending balance of $11,740.00. Roper determined that check #613 for $155.00 and check #601 for $420.00 were both outstanding. Also, a $6,900.00 deposit for August 30th was in transit as of the end of the month. Northern Regional Bank also collected a $5,000.00 notes receivable on August 1st that was issued March 1st at 12% annual interest. No interest revenue has been accrued on this note and Northern Regional Bank charged a $35.00 fee for the collection service.The bank statement reveals a bank service charge of $20.00. A customer check for $68.00 was returned with the bank statement marked "NSF". The ending balance of the Roper cash account is $12,938.00.
Complete a bank/account reconciliation and prepare any necessary journal entries for the reconciliation.
Psychological Power
The influence or control over others' beliefs, emotions, or behaviors through persuasive, charismatic, or leadership abilities, rather than through coercion or force.
Referent Power
A form of power that arises from being admired, respected, or identified with, often leading to influence due to personal traits rather than formal authority.
Expert Power
A form of influence based on the possession of expertise, knowledge, or skill that others need or value.
Valued Information
Information considered to be of significant importance or benefit to its recipients, often influencing decision-making processes.
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