Balance per bank $13,450
Balance per company records 11,655
Bank service charges 45
Deposit in transit 3,000
NSF check 1,800
Outstanding checks 6,640
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Eves Company based on the bank reconciliation.
Answer:
a.
$9,810 as shown below.
Bank section of reconciliation: $13,450 + $3,000 – $6,640 = $9,810
Company section of reconciliation: $11,655 – $45 – $1,800 = $9,810
b.
Accounts Receivable 1,800
Miscellaneous Expense 45
Cash 1,845