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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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