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Accounting
Answer all questions please
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 Expense for $7. 63. Refer to the above data. What is the total amount of the oustanding chocks a Tone 30 A) $1,513. B) $1,486 C) $1,507. D) Some other amount
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