Bank Reconciliation The following data were gathered to use in reconciling the bank account of Photo Op. Company: Balance per bank $ 11,720 Balance per company records 9,785 Bank service charges 55 Deposit in transit 1,730 NSF check 640 Outstanding checks 4,360 a.  What is the adjusted balance on the bank reconciliation?$ b.  Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Photo Op. Company:

Balance per bank $ 11,720
Balance per company records 9,785
Bank service charges 55
Deposit in transit 1,730
NSF check 640
Outstanding checks 4,360

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

b.  Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

       
       
       
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