Required:

 a. What is the adjusted balance on the bank reconciliation? 

b. Journalize any necessary entries for Azalea Company based on the bank reconciliation.

Transcribed Image Text:

The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $130 interest Outstanding checks $ 17,300 8,480 SO 3,200 4,900 7,170 The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $130 interest Outstanding checks $ 17,300 8,480 SO 3,200 4,900 7,170

Answer rating: 100% (QA)

a To find the adjusted balance on the bank reconciliation you need to add or subtract the items t... View the full answer