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The following data were gathered to use in reconciling the bank account of Torres Company: Balance per bank $12,175 Balance per company records 9,480 Bank

The following data were gathered to use in reconciling the bank account of Torres Company: Balance per bank $12,175 Balance per company records 9,480 Bank service charges 50 Deposit in transit 1,800 NSF check 1,250 Outstanding checks 5,795 Instructions A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary entries for Torres Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles. Starting question A. What is the adjusted balance on the bank reconciliation? Journal B. On March 1, journalize any necessary entries for Torres Company based on the bank reconciliation DATE DESCRIPTION 1 2 3 Check H6 JOURNAL POST REFimage text in transcribed

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