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Bank Reconciliation Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank Balance per company

Bank Reconciliation

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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks a. What is the adjusted balance on the bank reconciliation? 19,890 16,595 95 2,930 1,080 7,400 b. Journalize any necessary entries for Lays Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank

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