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Adjusting Journal Entries for Bank Reconciliations

Journal Entry
Account Title

Transaction Description

Debit

Credit

Bank services, returned checks, and fees:


The collection by the bank for the corporation of a
Notes Receivable when the interest has not been
accrued

Cash
Collection Fee Expense
Notes Receivable
Interest Revenue

NSF CheckCustomer does not have funds in their Accounts Receivable


bank account to cover payment of check.
Cash

XXX
XXX
XXX
XXX
XXX
XXX

Bank Service ChargesCharges to the corporation


for check printing services.

Check Printing Expense


Cash

XXX

Bank Service ChargesCharges to the corporation


for checking account service fees from the bank.

Bank Service Expenses


Cash

XXX

Book Errors:
The check is written out for more than what was
recorded in the check register.

Accounts Payable
Cash

XXX

The deposit is recorded on the books as higher than


the dollar amount deposited in the bank.

Accounts Receivable
Cash

XXX

The check is written out for less than what was


recorded in the check register.

Cash

XXX
Accounts Payable

XXX

XXX

XXX

XXX

XXX

Cash
XXX
The deposit is recorded on the books as lower than
the dollar amount deposited in the bank.
Accounts Receivable
XXX
For book errors, you will subtract the actual amount from the recorded amount to get the dollar
amount for the correcting adjusting entry.

MJC Revised 10/2011

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