Answered
Erin has a balance of $1,150.34 in her check register.On her statement,the balance of her account is $844.93.Not reported on the bank statement are deposits of $125.56,$50,and $212.34.There are outstanding checks in the amount of $15 and $78.25 and an ATM withdrawal of $40.After Erin reconciles her check register with her statement,what entry does she need to make in her register?
A) Adjusting entry of $101.76
B) Adjusting entry of -$101.76
C) Adjusting entry of $50.76
D) Adjusting entry of -$50.76
On May 28, 2024