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Bank Reconciliation The following data were gathered to use in reconciling the bank account of McCurdy Company: Balance per bank $ 17,550 Balance per company
Bank Reconciliation The following data were gathered to use in reconciling the bank account of McCurdy Company: Balance per bank $ 17,550 Balance per company records 8,515 Bank service charges 25 Deposit in transit 3,100 Note collected by bank with $140 interest 5,200 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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