Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 18,500 Balance per company

image text in transcribed
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 18,500 Balance per company records 9,990 Bank service charges 40 Deposit in transit 3,550 Note collected by bank with $140 interest 4,700 Outstanding checks 7,400 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Miscellaneous Expense 40 Cash Accounts Receivable Notes Receivable DIE Interest Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions