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The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 10,280 Balance per company records Bank
The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 10,280 Balance per company records Bank service charges 60 Deposit in transit 6,500 Note collected by bank with $530 interest 11,170 Outstanding checks 13,350 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Accounts Receivable Miscellaneous Expense
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