The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank………………………………. $13,450 Balance per company records……………….. 11,655 Bank service charges…………………………. 45 Deposit in transit ……………………………… 3,000 NSF check ……………………………………… 1,800 Outstanding checks……………………………. 6,640 a.What is the adjusted balance on the bank reconciliation?  b. Journalize any necessary entries for Eves Company based on the bank reconciliation.

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.