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 ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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