Question: The following data were gathered to use in reconciling the bank account of East Meets West Company: Balance per bank $19,340 Balance per company records

The following data were gathered to use in reconciling the bank account of East Meets West Company:


Balance per bank                                                     $19,340

Balance per company records                                   6,480

Bank service charges                                                        50

Deposit in transit                                                          2,500

Note collected by bank with $250 interest              8,250

Outstanding checks                                                     7,160


a. What is the adjusted balance on the bank reconciliation?

b. Journalize any necessary entries for East Meets West Company based on the bank reconciliation.

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