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The following data were gathered to use in reconci...

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The following data were gathered to use in reconciling the bank account of ABC, Inc. Balance per bank $17,400 Balance per company records 5,765 Bank Service charges 125 Deposit in transit 3,000 Note collected by bank with $360 interest 9,360 Outstanding checks 5,400 a) What is the adjusted balance on the bank reconciliation? (5 points) b) Journalize any necessary entries for ABC, Inc. based on the bank reconciliation. (5 points)

 

Paper#11105 | Written in 18-Jul-2015

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