Answered step by step
Verified Expert Solution
Question
1 Approved Answer
EXERCISE 7-29 The following data were gathered to use in reconciling the bank statement of Build-A-Lot: Balance per Bank $14,355 Balance per company record $14,010
EXERCISE 7-29 The following data were gathered to use in reconciling the bank statement of Build-A-Lot: Balance per Bank $14,355 Balance per company record $14,010 Bank Service Charges $80 Deposits in transit $4,100 NSF checks $775 Outstanding Checks $ 5,300 Required: (1) What is the adjusted balance on the bank reconciliation? $ (2) Journalize any necessary entries for Build-A-Lot based on the bank reconciliation. -Select- Petty Cash, Accounts Payable, Accounts Receivable, Cash Short and Over Cash -Select- Petty Cash, Miscellaneous Expense, Cash Short and Over Cash, Sales -Select- Accounts Receivable, Miscellaneous Expense, Cash Short and Over Cash, Petty Cash Read more: EXERCISE 7-29 The following data were gathered to use in - JustAnswer http://www.justanswer.com/homework/48mii-exercise-7-29-the-following-data-gathered-use.html#ixzz1ZgjWgK9E
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