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Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University NSFXX EFT Check printing charge XX Other bank charges XX XX Adjusted book balance ()Errors that are made by the bank are adjustments to the balance per bank. Errors that are made on the books are adjustments to the balance per books (4 )Adjusting journal entries are required for every adjustment to the book's balance and are illustrated below: 1) Bank collection Cash XX Notes receivable Interest Revenue 2) Interest revenue X Interest RevenueTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University NSF XX EFT payment XX Check printing charge XX Other bank charges XX XX Adjusted book balance XX (3)Errors that are made by the bank are adjustments to the balance per bank. Errors that are made on the books are adjustments to the balance per books. (4)Adjusting journal entries are required for every adjustment to the book’s balance and are illustrated below: 1) Bank collection Cash XX Notes Receivable XX Interest Revenue XX 2) Interest revenue Cash XX Interest Revenue XX
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