Question
The following data were gathered to use in reconciling the bank account of Conway 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 Conway Company:
| Balance per bank | $23,900 |
| Balance per company records | 8,700 |
| Bank service charges | 50 |
| Deposit in transit | 5,500 |
| Note collected by bank with $450 interest | 9,450 |
| Outstanding checks | 11,300 |
|
| Instructions |
| A. | What is the adjusted balance on the bank reconciliation? |
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
