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Journalize the entries required by the reconciliation

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Reference no: EM132961785

Problem - Case - Gordon Company is unable to reconcile the bank balance at January 31. Gordon's reconciliation is as follows.

Cash balance per bank 65,340

Add: NSF check 1,240

Less: Bank service charge 35

Adjusted balance per bank 66,545

Cash balance per books 65,815

Less: Deposits in transit 850

Add: Outstanding checks 1.650

Adjusted balance per books 6,615

Required -

(a) Prepare a correct bank reconciliation.

(b) Journalize the entries required by the reconciliation.

Reference no: EM132961785

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