Question

The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,550 Balance per company records 10,030 Bank service charges 40 Deposit in transit 3,050 Note collected by bank with $190 interest 4,750 Outstanding checks 6,860 a. What is the adjusted balance on the bank reconciliation

Answer 1

$13,840

Step-by-step explanation:

Bank reconciliation Statement

Balance per company records $10,030

Add unpresented checks $ 6,860

Less Lodgements ($3,050)

Balance as per Bank Statement $13,840

the adjusted balance on the bank reconciliation is $13,840