Question
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 30,870 Balance per company records 25,755
The following data were gathered to use in reconciling the bank account of Bradford Company:
| Balance per bank | $ 30,870 |
| Balance per company records | 25,755 |
| Bank service charges | 145 |
| Deposit in transit | 4,550 |
| NSF check | 1,680 |
| Outstanding checks | 11,490 |
a. What is the adjusted balance on the bank reconciliation? $
b. Journalize any necessary entries for Bradford 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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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
