The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank $10,070 Balance per company records 9,225 Bank service charges 45 Deposit in transit 2,425 NSF check 1,680 Outstanding checks 4,995 Instructions A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary entries for Eves Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.
The following data were gathered to use in reconciling the bank account of Eves Company: Balance per bank $10,070 Balance per company records 9,225 Bank service charges 45 Deposit in transit 2,425 NSF check 1,680 Outstanding checks 4,995 Instructions A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary entries for Eves Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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