The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 Bank service charges 60 Deposit in transit 6,500 Note collected by bank with $530 interest 11,170 Outstanding checks 13,350 Question Content Area a. What is the adjusted balance on the bank reconciliation?
The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 Bank service charges 60 Deposit in transit 6,500 Note collected by bank with $530 interest 11,170 Outstanding checks 13,350 Question Content Area a. What is the adjusted balance on the bank reconciliation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following data were gathered to use in reconciling the bank account of Crystal Company:
| Balance per bank | $28,240 |
| Balance per company records | 10,280 |
| Bank service charges | 60 |
| Deposit in transit | 6,500 |
| Note collected by bank with $530 interest | 11,170 |
| Outstanding checks | 13,350 |
Question Content Area
a. What is the adjusted balance on the bank reconciliation?
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Question Content Area
b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
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