Bank Reconciliation The following data were gathered to use in reconciling the bank account of Photo Op. Company: Balance per bank $ 27,770 Balance per company records 23,170 Bank service charges 130 Deposit in transit 4,090 NSF check 1,510 Outstanding checks 10,330 a. What is the adjusted balance on the bank reconciliation? Feedback 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.

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Photo Op. Company: Balance per bank $ 27,770 Balance per company records 23,170 Bank service charges 130 Deposit in transit 4,090 NSF check 1,510 Outstanding checks 10,330 a. What is the adjusted balance on the bank reconciliation? Feedback 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.

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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