Response to the following :
Using the data presented in Exercise, journalize the entry or entries that should be made by the company.
Exercise :
The following data were accumulated for use in reconciling the bank account of Kidstock Co. for March: a. Cash balance according to the company's records at March 31, $7,671.45.
b. Cash balance according to the bank statement at March 31, $4,457.25.
c. Checks outstanding, $2,276.20.
d. Deposit in transit, not recorded by bank, $5,780.40.
e. A check for $145 in payment of an account was erroneously recorded in the check register at $451.
f. Bank debit memorandum for service charges, $16.00.