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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please answer required a,b

Bank Reconciliation
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
00 00
Transcribed Image Text:Bank Reconciliation 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 00 00
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