nstructions he following data were gathered to use in reconciling the bank account of Reddan Company Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $120 interest Outstanding checks $18,000 9,100 50 2,650 5,250 6,350 Instructions a What is the adjusted balance on the bank reconciation? b Joumalize any necessary entries for Reddan Company based on the bank reconciliation Refer to the Chart of Accounts for exact wording of account titles

nstructions he following data were gathered to use in reconciling the bank account of Reddan Company Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $120 interest Outstanding checks $18,000 9,100 50 2,650 5,250 6,350 Instructions a What is the adjusted balance on the bank reconciation? b Joumalize any necessary entries for Reddan Company based on the bank reconciliation Refer to the Chart of Accounts for exact wording of account titles

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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