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What is the adjusted balance on the bank reconciliation

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Reference no: EM132877095

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

Balance per bank $25,500

Balance per company records 27,475

Bank service charges 75

Deposit in transit 7,500

NSF check 3,400

Outstanding checks 9,000

Required -

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

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

Reference no: EM132877095

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