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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

24 )

Only A Part?
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.
Transcribed Image Text:Only A Part? 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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education