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Journalize any necessary entries for Bradford Company

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Reference no: EM132681346

Problem - Bank reconciliation - The following data were gathered to use in reconciling the bank account of Bradford Company:

Balance per bank $17,400

Balance per company records 5,765

Bank service charges 125

Deposit in transit 3,000

Note collected by bank with $360 interest 9,360

Outstanding checks 5,400

Required -

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

b. Journalize any necessary entries for Bradford Company based on the bank reconciliation.

Reference no: EM132681346

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