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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank Balance per company records
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank Balance per company records $ 17,300 8,465 Bank service charges 35 Deposit in transit 3,100 Note collected by bank with $110 interest 5,200 Outstanding checks 6,770 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.
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