Sheridan Corporation is preparing a bank reconciliation and has identified the following potential reconciling items....
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Accounting
Sheridan Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,070. (b) Bank service charges \$31. (Use Oifice Expense account) (c) Interest credited to Sheridan's account $39. (d) Outstanding checks $7,450. (e) NSF checkreturned $510. Prepare entries necessary to make Sheridan's accounting records correct and complete. (If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
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