The following data were gathered to use in reconciling the bank account of Eves Company:...
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Accounting
The following data were gathered to use in reconciling the bank account of Eves Company:
Balance per bank $9,350
Balance per company records 8,510
Bank service charges 35
Deposit in transit 2,350
NSF check 1,875
Outstanding checks 5,100
Instructions
A. What is the adjusted balance on the bank reconciliation?
B. On March 1, journalize any necessary entries for Eves Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.
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