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 Reddan Company:...

90.2K

Verified Solution

Question

Accounting

The following data were gathered to use in reconciling the bank account of Reddan Company:
Line Item Description Amount
Balance per bank $ 18,300
Balance per company records 10,565
Bank service charges 25
Deposit in transit 3,250
Note collected by bank with $170 interest 4,650
Outstanding checks 6,360
Question Content Area
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Azalea Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
blankAccountDebitCredit
blank
Miscellaneous Expense
Cash
Cash
Notes Receivable
Interest Revenue

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

The Rebellion issued $50,000,000 face value of 30-year bonds carrying a 12% (annual payment) coupon; these...

Finance
Q

pls explain the answer a little bit, thank you. Let A ∈ Mm,n(F) and let TA...

Advance Math
Q

Consider a gas turbine engine, fueled by natural gas, for generating electricity. A.) Calculate the adiabatic flame...

Mechanical Engineering
Q

Compare work place safety in the 1890’s and early 20th century, as compared to today safer...

Civil Engineering
Q

Complete the analogy.Ship is to sail as plane is tocrawlflysleep

Biology
Q

Graph the equation by hand by plotting points Verify your results using a graphing utility...

Calculus
Q

Given Problem EXACT DE 2x 3x y ye x dx x 3y e x dy...

Calculus
Q

QUESTION 2 1 POINT Let A 1 2 3 4 6 7 8 9 11...

Algebra
Q

The better a person is at producing one good: the worse...

Accounting
Q

Create a balance sheet for the following scenario: 1) Ron Hopkins established CUCTC and purchased...

Accounting
Q

Prepare a 'Multi-Step' Income Statement (15 Marks) Prepare All necessary closing Entries (7 Marks) Prepare...

Accounting
Q

List five common barriers to communication in financial departments

Accounting