Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank Balance per company records Bank
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $530 interest Outstanding checks a. What is the adjusted balance on the bank reconcillation? $28,240 10,280 60 6,500 11,170 13,350 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started