The following data were gathered to use in reconciling the
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.

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