The following information is available for the Edwards Company for its March 31 bank reconciliation:
From the March 31 bank statement:
NSF: A check from a customer, Cook Co. in payment of their account.
IN: Interest earned on the account.
From the Edwards Company's accounting records:
a. Based on the above information, prepare a bank reconciliation for the Edwards Company.
b. Prepare the necessary general journal entries to adjust cash to the reconciled balance.

Question

The following information is available for the Edwards Company for its March 31 bank reconciliation:
From the March 31 bank statement:
  NSF: A check from a customer, Cook Co. in payment of their account.
IN: Interest earned on the account.
From the Edwards Company's accounting records:
   a. Based on the above information, prepare a bank reconciliation for the Edwards Company.
b. Prepare the necessary general journal entries to adjust cash to the reconciled balance.

Quizplus · Accepted Answer

The Answer of The following information is available for the Edwards Company for its March 31 bank reconciliation:
From the March 31 bank statement:
  NSF: A check from a customer, Cook Co. in payment of their account.
IN: Interest earned on the account.
From the Edwards Company's accounting records:
   a. Based on the above information, prepare a bank reconciliation for the Edwards Company.
b. Prepare the necessary general journal entries to adjust cash to the reconciled balance.

The Following Information Is Available for the Edwards Company for Its