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What is the adjusted balance on the bank reconciliation

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Reference no: EM133145174

Question - Bank Reconciliation - The following data were gathered to use in reconciling the bank account of Lays Company:

Balance per bank $18,540

Balance per company records 15,465

Bank service charges 85

Deposit in transit 2,730

NSF check 1,010

Outstanding checks 6,900

Required -

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

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.

Reference no: EM133145174

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