a. What is the adjusted balance on the bank reconciliation? $ Feedback b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Miscellaneous Expense Cash v Cash v Notes Receivable v Interest Revenue v II III

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
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Bank Reconciliation
The following data were gathered to use in reconciling the bank account of Crystal Company:
Balance per bank
$28,240
Balance per company records
10,280
Bank service charges
60
Deposit in transit
6,500
Note collected by bank with $530
11,170
interest
Outstanding checks
13,350
a. What is the adjusted balance on the bank reconciliation?
2$
Feedback
b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require
an entry, leave it blank.
Miscellaneous Expense
Cash v
Cash v
Notes Receivable v
Interest Revenue v
Feedback
Feedback
Transcribed Image Text:Bank Reconciliation The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 Bank service charges 60 Deposit in transit 6,500 Note collected by bank with $530 11,170 interest Outstanding checks 13,350 a. What is the adjusted balance on the bank reconciliation? 2$ Feedback b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Miscellaneous Expense Cash v Cash v Notes Receivable v Interest Revenue v Feedback Feedback
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