The following data were gathered to use in reconciling the bank account of Reddan Company: Line Item Description Amount Balance per bank $ 18,050 Balance per company records 10,220 Bank service charges 40 Deposit in transit 4,000 Note collected by bank with $150 interest 5,500 Outstanding checks 6,370 Question Content Area a. What is the adjusted balance on the bank reconciliation?fill in the blank 1 of 1$ Feedback Area Feedback Question Content Area b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank
The following data were gathered to use in reconciling the bank account of Reddan Company: Line Item Description Amount Balance per bank $ 18,050 Balance per company records 10,220 Bank service charges 40 Deposit in transit 4,000 Note collected by bank with $150 interest 5,500 Outstanding checks 6,370 Question Content Area a. What is the adjusted balance on the bank reconciliation?fill in the blank 1 of 1$ Feedback Area Feedback Question Content Area b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following data were gathered to use in reconciling the bank account of Reddan Company:
| Line Item Description | Amount |
|---|---|
| Balance per bank | $ 18,050 |
| Balance per company records | 10,220 |
| Bank service charges | 40 |
| Deposit in transit | 4,000 |
| Note collected by bank with $150 interest | 5,500 |
| Outstanding checks | 6,370 |
Question Content Area
a. What is the adjusted balance on the bank reconciliation?
fill in the blank 1 of 1$
Feedback Area
Feedback
Question Content Area
b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
| blank | Account | Debit | Credit |
|---|---|---|---|
| blank |
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