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The following data were gathered to use in reconciling the bank account of Conway Company: Balance per bank Balance per company records Bank service charges $23,900 8,700 50 Deposit in transit 5,500 Note collected by bank with $450 interest Outstanding checks 9,450 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.

The following data were gathered to use in reconciling the bank account of Conway Company: Balance per bank Balance per company records Bank service charges $23,900 8,700 50 Deposit in transit 5,500 Note collected by bank with $450 interest Outstanding checks 9,450 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.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Internal Control And Cash
Section: Chapter Questions
Problem 3PEB
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The following data were gathered to use in reconciling the bank account of Conway Company: Balance per bank Balance per company records Bank service charges $23,900 8,700 50 Deposit in transit 5,500 Note collected by bank with $450 interest Outstanding checks 9,450 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.
Transcribed Image Text:The following data were gathered to use in reconciling the bank account of Conway Company: Balance per bank Balance per company records Bank service charges $23,900 8,700 50 Deposit in transit 5,500 Note collected by bank with $450 interest Outstanding checks 9,450 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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