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The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank $10,070 Balance per company records 9,225 Bank
The following data were gathered to use in reconciling the bank account of Eves Company:
| Balance per bank | $10,070 |
| Balance per company records | 9,225 |
| Bank service charges | 45 |
| Deposit in transit | 2,425 |
| NSF check | 1,680 |
| Outstanding checks | 4,995 |
| Instructions | |
| A. | What is the adjusted balance on the bank reconciliation? |
| B. | On March 1, journalize any necessary entries for Eves Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles. |
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
