The following data were gathered to use in reconciling the bank account of Bradford Company:...
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Accounting
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,000 Balance per company records 9,050 Bank service charges 50 Deposit in transit 2,600 Note collected by bank with $140 interest 5,150 Outstanding checks 6,450 a. What is the adjusted balance on the bank reconciliation? 14,150 Feedback Check a Set up two sections: one for the company cash account section and the other for the bank balance section Determine the effect of the data on each section Recal that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equat. If not, an item has been overlooked or weated in error b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Accounts Receivable x Cash Miscellaneous Expensex DI 100 II III Cashx
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