The following data were gathered to use in reconciling the bank account of Conway Company: Balance per

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The following data were gathered to use in reconciling the bank account of Conway Company:

Balance per bank ............$23,900

Balance per company records....... 8,700

Bank service charges .......... 50

Deposit in transit ........... 5,500

Note collected by bank with $450 interest . 9,450

Outstanding checks ........... 11,300

a. What is the adjusted balance on the bank reconciliation?

b. Journalize any necessary entries for Conway Company based on the bank reconciliation.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 08:57 AM

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The following data were gathered to use in reconciling the bank account of Conway Company: Balance per

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a 18100 as shown below Bank section of reconc...View the full answer

Corporate Financial Accounting

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