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The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $27,570 Balance per company records 23,000
The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $27,570 Balance per company records 23,000 Bank service charges 130 Deposit in transit 4,060 NSF check 1,500 Outstanding checks 10,260 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.
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