McAfee Safe Connect X 0 (2) > Study M ?× \\ (-) 08 Homework-A X?·Cengage ? ? C ?

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McAfee Safe Connect X 0 (2) > Study M ?× (-) 08 Homework-A X?·Cengage ? ? C ? v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMando?invoker= assignments&takeAssignmentSessionLocator;= assignment take&inprogress-false; Ch 8-2 Practice Exercises Show Me How Calculator eBook Print Item Bank Recondiliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks a. What is the adjusted balance on the bank reconciliation? 1. PE.08-02A 2. PE.08-03.ALGO 3. ??.08.04ALGO s 22,690 18,925 105 3,340 1,230 8,440 b. Journalize any necessary entries for Lays Company based on the bank recondiliation. For a compound transaction, if an amount box does not require an entry, leave it blank. accounting 8-2 (0)pdf ^ Show allX accounting 8.2.pdf accounting 8-2.pdf S10 PM O Type here to search /2018 9

Explanation / Answer

Adjusted balance = 18925-105-1230 = 17590

Adjusting entry :

Date accounts & explanation debit credit Bank service fee 105      Cash 105 (To record bank service charges) Account receivable 1230      Cash 1230 (To record NSF check)

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