PE 8-3A Bank reconciliation
The following data were gathered to use in reconciling the bank account of Azalea Company:
|
Balance per bank |
$25,500 |
|
Balance per company records |
27,475 |
|
Bank service charges |
75 |
|
Deposit in transit |
7,500 |
|
NSF check |
3,400 |
|
Outstanding checks |
9,000 |
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Azalea Company based on the bank reconciliation.