The following data were gathered to use in reconciling the bank account of Torres Company: Balance per
Question:
The following data were gathered to use in reconciling the bank account of Torres Company:
Balance per bank ................................... $14,385
Balance per company records ................ 11,200
Bank service charges ....................................... 60
Deposit in transit ........................................ 2,125
NSF check .................................................... 1,480
Outstanding checks ................................... 6,850
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Donovan Company based on the bank reconciliation.
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Related Book For 
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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