the following data were gathered to use in reconciling the bank account of conway co 541901
PE 7-3B Bank reconciliation
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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