CHAPTER 7

QUESTION 1:

QUESTION 2:

QUESTION 3:

QUESTION 4:

QUESTION 5:

QUESTION 6:

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $100 interest 5,300 Outstanding checks a. What is the adjusted balance on the bank reconciliation? $ 18,950 9,010 50 2,700 7,390 b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank