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The following data were gathered to use in reconciling the bank account of Torres Company: Balance per bank $9,060 Balance per company records 7,910 Bank
The following data were gathered to use in reconciling the bank account of Torres Company:
| Balance per bank | $9,060 |
| Balance per company records | 7,910 |
| Bank service charges | 20 |
| Deposit in transit | 2,480 |
| NSF check | 1,920 |
| Outstanding checks | 5,570 |
| 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. |
| Balance per bank | $9,060 |
| Balance per company records | 7,910 |
| Bank service charges | 20 |
| Deposit in transit | 2,480 |
| NSF check | 1,920 |
| Outstanding checks | 5,570 |
| 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. |
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A. What is the adjusted balance on the bank reconciliation
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Nuclear Auditing Handbook A Guide For Quality Systems Practitioners
Authors: Charles Moseley, Norman Moreau, Karen Douglas
1st Edition
1636940072, 978-1636940076
