Bank ReconciliationThe following data were gathered to use in reconciling the bank account of Bradford Company:Balance per bank$ 23,760Balance per company records19,820Bank service charges110Deposit in transit3,500NSF check1,290Outstanding checks8,840a. What is the adjusted balance on the bank reconciliation?$b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Calculate the adjusted balance on the bank reconciliation.

Answered: Bank Reconciliation The following data…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

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 Bradford Company:

Balance per bank	$ 23,760
Balance per company records	19,820
Bank service charges	110
Deposit in transit	3,500
NSF check	1,290
Outstanding checks	8,840

a. What is the adjusted balance on the bank reconciliation?
$

b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

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