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The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 29,400 Balance per company records 24,525 Bank service charges 135 Deposit in transit 4,330 NSF check 1,600 Outstanding checks 10,940 a. What is the adjusted balance on the bank reconciliation? $ Feedback b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require

The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 29,400 Balance per company records 24,525 Bank service charges 135 Deposit in transit 4,330 NSF check 1,600 Outstanding checks 10,940 a. What is the adjusted balance on the bank reconciliation? $ Feedback b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 3BE
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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 29,400 Balance per company records 24,525 Bank service charges 135 Deposit in transit 4,330 NSF check 1,600 Outstanding checks 10,940 a. What is the adjusted balance on the bank reconciliation? 2$ Feedback b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Accounts Receivable v Miscellaneous Expense Cash v Feedback Feedback
Transcribed Image Text:Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 29,400 Balance per company records 24,525 Bank service charges 135 Deposit in transit 4,330 NSF check 1,600 Outstanding checks 10,940 a. What is the adjusted balance on the bank reconciliation? 2$ Feedback b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Accounts Receivable v Miscellaneous Expense Cash v Feedback Feedback
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