The following data were gathered to use in reconciling the bank statement of Build-A-Lot: Balance per bank Balance per company records Bank service charges Deposits in transit NSF checks Outstanding checks $14,355 14,010 80 4,100 775 5,300 Required: 1. What is the adjusted balance on the bank reconciliation? Bank section of reconciliation Company section of reconciliation 2. Journalize any necessary entries for Build-A-Lot based on the bank reconciliation. If an amo 38

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data were gathered to use in reconciling the bank statement of Build-A-Lot:
Balance per bank.
Balance per company records
Bank service charges
Deposits in transit
NSF checks
Outstanding checks
$14,355
14,010
80
4,100
775
5,300
Required:
1. What is the adjusted balance on the bank reconciliation?
Bank section of reconciliation
Company section of reconciliation
2. Journalize any necessary entries for Build-A-Lot based on the bank reconciliation. If an amount box does not require an entry, leave it blank or enter "0".
Transcribed Image Text:The following data were gathered to use in reconciling the bank statement of Build-A-Lot: Balance per bank. Balance per company records Bank service charges Deposits in transit NSF checks Outstanding checks $14,355 14,010 80 4,100 775 5,300 Required: 1. What is the adjusted balance on the bank reconciliation? Bank section of reconciliation Company section of reconciliation 2. Journalize any necessary entries for Build-A-Lot based on the bank reconciliation. If an amount box does not require an entry, leave it blank or enter "0".
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