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What is the adjusted balance on the bank reconciliation

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Reference no: EM133150361

Question - Bank Reconciliation - The following data were gathered to use in reconciling the bank account of Lays Company:

Balance per bank $18,540

Balance per company records 15,465

Bank service charges 85

Deposit in transit 2,730

NSF check 1,010

Outstanding checks 6,900

Required -

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

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

Reference no: EM133150361

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