Question

The following data were gathered to use in reconciling the bank account of DRW Company.
Balance per bank ................. $28,100
Balance per company records ............ 9,155
Bank service charges .............. 80
Deposit in transit ................. 3,100
Note collected by bank with $225 interest ...... 15,225
Outstanding checks ............... 6,900
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for DRW Company based upon the bank reconciliation.



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  • CreatedJuly 17, 2012
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