Question

The following data were gathered to use in reconciling the bank account of Conway Company:
Balance per bank ............ $23,900
Balance per company records....... 8,700
Bank service charges .......... 50
Deposit in transit ........... 5,500
Note collected by bank with $450 interest . 9,450
Outstanding checks ........... 11,300
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Conway Company based on the bank reconciliation.



$1.99
Sales6
Views304
Comments0
  • CreatedFebruary 28, 2014
  • Files Included
Post your question
5000