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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 17,200 Balance per
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 17,200 Balance per company records 8,040 Bank service charges 20 Deposit in transit 2,900 Note collected by bank with $110 interest 5,100 Outstanding checks 6,980 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. 000 00 000
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