Answer to Question #171274 in Accounting for Martha E Ramos

Question

Bank reconciliation

The following data were gathered to use in reconciling the bank account of Crystal 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

a. Journalize any necessary entries for Crystal Company based on the bank reconciliation.

Answer 1

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