Bank ReconciliationThe following data were gathered to use in reconciling the bank account of Photo Op. Company:Balance per bank$ 11,720Balance per company records9,785Bank service charges55Deposit in transit1,730NSF check640Outstanding checks4,360a. What is the adjusted balance on the bank reconciliation?$b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Answered: Bank Reconciliation The following data…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 3BE

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Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Photo Op. Company:

Balance per bank	$ 11,720
Balance per company records	9,785
Bank service charges	55
Deposit in transit	1,730
NSF check	640
Outstanding checks	4,360

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

b. Journalize any necessary entries for Photo Op. 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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