Question: 2. Based on the following data, prepare a bank reconciation for December 20Y8. Refer to the Labels and Amount Descriptions Nst for exact wording of
2. Based on the following data, prepare a bank reconciation for December 20Y8. Refer to the Labels and Amount Descriptions Nst for exact wording of text entries. Enter all amounts as positive numbers Balance according to the bank statement at December 31, $283,000 Balance according to the ledger at December 31, $245,410. Checks outstanding at December 31, $88,540. Deposit in transit, not recorded by bank, $29,500 Bank debit memo for service charges, $750. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000 3. Based on the bank reconciiation prepared in (2), journalize the entry or entries to be made by Kornett Company on page 23 of the journal Kornett Company uses the Miscelaneous Administrative Expense account for bank service charges
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