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Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Just
Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
Just need help with part B. I'm not seeing a notes receivable and don't know what it needs for cash.
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,150 Balance per company records 9,810 Bank service charges 40 Deposit in transit 2,950 Note collected by bank with $150 interest 5,200 Outstanding checks 6,130 a. What is the adjusted balance on the bank reconciliation? $ 14,970 Feedback b. Journalize any necessary entries for Lays 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 150Step by Step Solution
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