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 torres company:...

50.1K

Verified Solution

Question

Accounting

The following data were gathered to use in reconciling the bank account of torres company:

Balance per bank $12,175 Balance per comany records 9,480 Bank service charges 50 Deposit in transit 1,800 NSF check 1,250 Outstanding checks 5,795

a. What is the adjusted balance on the bank reconcilitation? b. Journalize any necessary entries for Torres Company based on the bank reconcilitation.

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

Splish Company has decided to expand its operations. Thebookkeeper recently completed the balance sheet...

Accounting
Q

PRACTICAL QUESTION    Merflow Ltd invited applications for 7 million equity shares of $2.75 each payable as...

Accounting
Q

You are give a system about which two things are known: the relation between pressure, volume and...

Physics
Q

Find all real solutions of the equation 9t-7=29.Write your answers as a list, using a...

Basic Math
Q

Suppose that to assign participants to their experimental condition the researchers used an 8 sided...

Statistics
Q

Perform the subtraction 55F16 39316 55F16 39316 16 Simplify your answer

Calculus
Q

The graph of y f x is given Graph the function y f x 2...

Algebra
Q

1. If the food cost is $250,000 and the total labor cost is $300,000, what...

Accounting
Q

Use Northwest Corner Rule to get the answer Green TeaLy Plantation is a...

Accounting
Q

preparing a trial balance with these numbers On November...

Accounting
Q

Additional Question 2 What should be considered with regards to procedures? reliability of date used...

Accounting
Q

Jane sells pillows for sale, she marks them down for 5%. (A) write two expression...

Finance