Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data were gathered to use in reconci

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

90.2K

Verified Solution

Question

Accounting

The following data were gathered to use in reconciling the bank account of Reddan Company:

Balance per bank $17,800
Balance per company records 9,075
Bank service charges 25
Deposit in transit 2,900
Note collected by bank with $200 interest 4,900
Outstanding checks 6,750
Instructions
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How action potentials are generated and propagated in contractile cardiomyocytes..

Medical Sciences
Q

Let’s start by assigning letters for our alleles for the two traits: *****These are the letters...

Biology
Q

explain market research process: 1- Identifying the problem 2- Planing market research 3- Collecting data 4- Qualitative data 5- Quantitative...

General Management
Q

Following the fortunes of Tilray Inc and with knowledge of Aurora's demise, how would you advise...

General Management
Q

have been called in as a fingerprint expert to try to find all latent patent...

Biology
Q

1 What is the ordered pair for point H 10 8 6 4 A 0...

Basic Math
Q

Perform the addition or subtraction and simplify 3 4 X X 8 7 2 x...

Algebra
Q

Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000...

Accounting
Q

S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27,2021, S&L...

Accounting
Q

Need help on Sheet 9, Sheet 10, 15.01, and 17.06. All necessary values are included....

Accounting
Q

Which of the following is common practice when creating a consolidation worksheet? copy the contents...

Accounting
Q

financial mathematics 2. An annuity makes semi-annual payments for 10 years. The first year...

Finance