Instructions The following data were gathered to use in reconciling the bank account of Torres Company: $12,175 9,480 50 Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks 1,800 1,250 5,795 Instructions A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary entries for Torres Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles astructions Starting question Thi A. What is the adjusted balance on the bank reconciliation? S Refer Chart of Accounts CHART OF ACCOUNTS Torres Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment Ennenia F 194 Accumulated Depreciation Store Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expenso EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary B. On March 1, journalize any necessary entries for Torres Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 ACCOUNTING EQUATION JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3