eBook Show Me HowBank Reconciliation

The following data were gathered to use in reconciling the bank account of Photo Op$.$ Company:

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

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b$.$ Journalize any necessary entries for Photo Op$.$ Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.

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Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Photo Op$.$ Company:

Balance per bank $ $18,350$

Balance per company records $8,475$

Bank service charges $45$

Deposit in transit $2,750$

Note collected by bank with $$130$ interest $5,500$

Outstanding checks $7,170$

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

b$.$ Journalize any necessary entries for Photo Op$.$ Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.