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Bank Reconciliation The following data were gathered to use in reconciling the bank account of McCurdy Company: Balance per bank $ 18,450 Balance per company
Bank Reconciliation
The following data were gathered to use in reconciling the bank account of McCurdy Company:
Balance per bank | $ 18,450 |
Balance per company records | 10,025 |
Bank service charges | 35 |
Deposit in transit | 3,800 |
Note collected by bank with $160 interest | 5,300 |
Outstanding checks | 6,960 |
a. What is the adjusted balance on the bank reconciliation? $
b. Journalize any necessary entries for McCurdy Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank
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