Love Thy Pet Inc.

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Adjusting Journal Entries from Bank Reconciliation

Journal Entry
Description
Account Titles
Dr
Bank Collections of Notes, Returned Checks, and Bank Service Fees
Collection of Note Receivable
Bank collects a note from a customer for
the company.

Cash
Miscellaneous Expense
Note Receivable
Interest Revenue

XXX
XXX

NSF Check
Customer bounced a check that was
written to the company

Accounts Receivable
Cash

XXX

Bank Service Charges

Charges to the company for bank
services or check printing charges

Miscellaneous Expense
Cash

XXX

Cr

XXX
XXX

XXX

XXX

Book Errors in recording payments and cash receipts

Employee makes error in recording entry
on the book side. The check was written
for less than what was record in the
books when paying a bill.

Cash
Accounts Payable

XXX

Employee makes error in recording entry

on the book side. The check was written
for more than what was record in the
books when paying a bill.

Accounts Payable
Cash

XXX

Employee makes error in recording entry

on the book side. The deposit was
recorded as higher than the physical
amount deposited in the bank.

Accounts Receivable
Cash

XXX

Employee makes error in recording entry

on entry book side. The deposit was
recorded as lower than the physical
amount deposited in the bank.

Cash
Accounts Receivable

XXX

MCollins Revised 2016

XXX

XXX

XXX

XXX