Question
The following data were gathered to use in reconciling the bank account of Faulkner Company Balance per Bank 23.900 Balance per Company records 8.700 Bank
The following data were gathered to use in reconciling the bank account of Faulkner Company
Balance per Bank
23.900
Balance per Company records
8.700
Bank Service Changes
50
Deposit in transit
5.500
Note collected by bank with interest $ 450
9.450
Outstanding check
11.300
- What is the adjusted balance of the bank reconciliation
- Journalized any necessary entries for Faulkner Company based on the bank reconciliation
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
