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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records
Bank Reconciliation
The following data were gathered to use in reconciling the bank account of Crystal Company:
Balance per bank | $28,240 |
Balance per company records | 10,280 |
Bank service charges | 60 |
Deposit in transit | 6,500 |
Note collected by bank with $530 interest | 11,170 |
Outstanding checks | 13,350 |
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a. What is the adjusted balance on the bank reconciliation? $fill in the blank 3c9d6101b04dfa3_1
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. The following revenue journal is for Westside Cleaners Inc. Assume that the beginning balances for the customer accounts were zero, except for Jordan Inc., which hac a $955 beginning balance. In addition, there were no collections during the period. a. The T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger are below. b. Post to the T accounts. c. Determine the balance in the accounts. Alpha GenCorp Hazmat Safety Co. Masco Co. Jordan Inc. d. Prepare a listing of the accounts receivable customer balances as of May 31,20Y3Step by Step Solution
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