Bank Reconciliation The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per bank $ 17,650 Balance per company records 9,205 Bank service charges 45 Deposit in transit 2,500 Note collected by bank with $100 interest 4,600 Outstanding checks 6,390 a.  What is the adjusted balance on the bank reconciliation? $fill in the blank a25dde048031fb9_1 b.  Journalize any necessary entries for Azalea Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.3BE
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Bank Reconciliation

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

Balance per bank $ 17,650
Balance per company records 9,205
Bank service charges 45
Deposit in transit 2,500
Note collected by bank with $100 interest 4,600
Outstanding checks 6,390

a.  What is the adjusted balance on the bank reconciliation?
$fill in the blank a25dde048031fb9_1

b.  Journalize any necessary entries for Azalea Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.

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