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  3. the following data were gathered to use in reconci

The following data were gathered to use in reconciling the bank account of Eves Company:...

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Question

Accounting

The following data were gathered to use in reconciling the bank account of Eves Company:

Balance per bank $9,350

Balance per company records 8,510

Bank service charges 35

Deposit in transit 2,350

NSF check 1,875

Outstanding checks 5,100

Instructions

A. What is the adjusted balance on the bank reconciliation?

B. On March 1, journalize any necessary entries for Eves Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.

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