Business, 25.02.2020 22:17, Seventhhokage465

Use the following to answer questions 62-64 The Cash account in the ledger of Hensley, Inc. showed a balance of $3,100 at June 30. The bank statement, however, showed a balance of $3,900 at the same date. The only reconciling hems consisted of a $700 deposit in transit, a bank service charge of $7, and a large umber of outstanding checks 62. Refer to the above data. Upon completion of the bank reconciliation, a journal entry will be required to update the depositor's accounting records. This entry will inchude

A) a credit to Cash for $700.
B) a debit to Cash for $700.
C) a debit to Cash for $7.
D) a debit to Bank Service Charge

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Use the following to answer questions 62-64 The Cash account in the ledger of Hensley, Inc. showed a...