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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 $450 interest 9,450 Outstanding checks 11,300 a. What is the adjusted balance on the bank reconciliation? 2$ b. Journalize any necessary entries for Conway Company based on the bank reconciliation For a compound transaction, if an amount box does not require an entry, leave it blank.

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 $450 interest 9,450 Outstanding checks 11,300 a. What is the adjusted balance on the bank reconciliation? 2$ b. Journalize any necessary entries for Conway Company based on the bank reconciliation For a compound transaction, if an amount box does not require an entry, leave it blank.

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 3BE
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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 $450 interest 9,450 Outstanding checks 11,300 a. What is the adjusted balance on the bank reconciliation? 2$ b. Journalize any necessary entries for Conway Company based on the bank reconciliation For a compound transaction, if an amount box does not require an entry, leave it blank.
Transcribed Image Text: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 $450 interest 9,450 Outstanding checks 11,300 a. What is the adjusted balance on the bank reconciliation? 2$ b. Journalize any necessary entries for Conway Company based on the bank reconciliation For a compound transaction, if an amount box does not require an entry, leave it blank.
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