The following data were gathered to use in reconciling the bank account of Conway Company: Balance per
Question:
The following data were gathered to use in reconciling the bank account of Conway Company:
Balance per bank ...................................................... $28,240
Balance per company records ................................... 10,280
Bank service charges ...................................................... 60
Deposit in transit ........................................................... 6,500
Note collected by bank with $530 interest ............... 11,170
Outstanding checks ..................................................... 13,350
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Crystal Company based on the bank reconciliation.
Step by Step Answer:
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider