Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 17,650 Balance per company

Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Dotson Company:

Balance per bank $ 17,650
Balance per company records 10,490
Bank service charges 20
Deposit in transit 3,850
Note collected by bank with $130 interest 4,500
Outstanding checks 6,530

a. What is the adjusted balance on the bank reconciliation? $

Feedback

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.

Miscellaneous Expense
Cash
Cash
Notes Receivable
Interest Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Organizational Communication A Handbook Of Research Theory And Practice

Authors: Owen Hargie, Dennis Tourish

2nd Edition

0415414466, 978-0415414463

More Books

Students also viewed these Accounting questions