The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 17,200 Balance per company records 8,845 Bank service charges 25 Deposit in transit 3,800 Note collected by bank with $190 interest 4,700 Outstanding checks 7,480 a. What is the adjusted balance on the bank reconciliation? Feedback 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. Miscellaneous Expense Cash Cash Notes Receivable Interest Revenue
The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 17,200 Balance per company records 8,845 Bank service charges 25 Deposit in transit 3,800 Note collected by bank with $190 interest 4,700 Outstanding checks 7,480 a. What is the adjusted balance on the bank reconciliation? Feedback 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. Miscellaneous Expense Cash Cash Notes Receivable Interest Revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer required a,b
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