The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per
Question:
Balance per bank $25,000
Balance per company records 27,475
Bank service charges 75
Deposit in transit 7,500
NSF check 3,400
Outstanding checks 9,000
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Azalea Company based on the bank reconciliation?
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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