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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 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

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 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

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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these are the drop down options 

  • Accounts Payable
  • Accounts Receivable
  • Cash
  • Cash Short and Over
  • Miscellaneous Expense
  • Accounts Payable
  • Cash
  • Cash Short and Over
  • Interest Revenue
  • Notes Receivable
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 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.
Transcribed Image Text:Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 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.
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