The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 18,450 Balance per company records 10,320 Bank service charges s0 Deposit in transit 2,800 Note collected by bank with $190 interest 4,500 Outstanding checks 6,480 . What is the adjusted balance on the bank reconciliation?
The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 18,450 Balance per company records 10,320 Bank service charges s0 Deposit in transit 2,800 Note collected by bank with $190 interest 4,500 Outstanding checks 6,480 . What is the adjusted balance on the bank reconciliation?
Chapter1: Financial Statements And Business Decisions
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Bank Reconciliation
1. BE.07.03.ALGO
The following data were gathered to use in reconciling the bank account of Dotson Company:
2. EX.07.16
Balance per bank
$ 18,450
3. EX.07.18.ALGO
Balance per company records
10,320
Bank service charges
50
4. EX.07.19.ALGO
Deposit in transit
2,800
5. EX.07.21.ALGO
Note collected by bank with $190 interest
4,500
Outstanding checks
6,480
6. EX.07.23
a. What is the adjusted balance on the bank reconciliation?
7. BE.07.04
8. EX.07.24.ALGO
b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
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