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Journalize any necessary entries for Conway Company

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Reference no: EM132781393

Problem - Bank reconciliation - The following data were gathered to use in reconciling the bank account of Conway Company:

Balance per bank $23,900

Balance per company records 8,700

Bank service charges 50

Deposit in transit 5,500

Note collected by bank with $450 interest 9,450

Outstanding checks 11,300

Required -

a. What is the adjusted balance on the bank reconciliation?

b. Journalize any necessary entries for Conway Company based on the bank reconciliation.

Reference no: EM132781393

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