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,$125.
There is a debit memo for a customer's NSF check $430.
Outstanding checks amount to $2,000.
This month's service charge amounts to $50.
Deposits in transit amount to $1,500.
Correct Answer:
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