Bank reconciliation Instructions Chart of Accounts First Question Journal Instructions The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank...


Bank reconciliation<br>Instructions Chart of Accounts<br>First Question<br>Journal<br>Instructions<br>The following data were gathered to use in reconciling the bank account of Reddan Company:<br>Balance per bank<br>$25,750<br>Balance per company records<br>19,140<br>Bank service charges<br>45<br>Deposit in transit<br>2,300<br>Note collected by bank with $200 interest<br>5,200<br>Outstanding checks<br>3,755<br>a. What is the adjusted balance on the bank reconciliation?<br>b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts<br>for exact wording of account titles.<br>

Extracted text: Bank reconciliation Instructions Chart of Accounts First Question Journal Instructions The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per company records 19,140 Bank service charges 45 Deposit in transit 2,300 Note collected by bank with $200 interest 5,200 Outstanding checks 3,755 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.

Jun 01, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here