The following data were gathered to use in reconciling the bank account of Cards Company.
|
Balance per bank |
$9,200 |
|
Balance per company records |
9,335 |
|
Bank service charges |
40 |
|
Deposit in transit |
2,800 |
|
NSF check |
475 |
|
Outstanding checks |
3,180 |
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Cards Company based upon the bank reconciliation.