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The following data were gathered to use in reconciling the bank account of Donovan...

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Accounting

The following data were gathered to use in reconciling the bank account of Donovan Company:
Balance per bank $14,385
Balance per company records 11,200
Bank service charges 60
Deposit in transit 2,125
NSF check 1,480
Outstanding checks 6,850
Required:
a. What is the adjusted balance on the bank reconciliation?
b. On March 1, journalize any necessary entries for Donovan Company based on the bank reconciliation. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

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