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 interest 11,170 Outstanding checks 13,350 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Crystal Company based on the bank reconciliation. If an amount box does not require an entry

multiple choice quetion a.When preparing a bank reconciliation statement and the closing bank statement balance is an overdraft, we begin with the balance in the bank statement and then:   add unpresented cheques and deduct outstanding receipts. add outstanding receipts and deduct unpresented cheques. add all receipts and deduct all payments.      4.add all payments and deduct all receipts

Notes Receivables & Accounts Receivables How are accounts receivables like notes receivables, in that notes receivables can be sold to other parties and are used to extend credit to customers? Please explain.

A ____ is an interest-bearing checking account. Group of answer choices NOW account certificate of deposit Treasury bill regular checking account Series EE US savings bond