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(Solved): Bank Reconciliation The following data were gathered to use in reconciling the bank account of Phot ...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Photo Op. Company: Balance per bank $27,770 Balance per company records 23,170 Bank service charges 130 Deposit in transit 4,090 NSF check 1,510 Outstanding checks 10,330 a. What is the adjusted balance on the bank reconciliation? Check My Work b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank. Accounts Receivable Miscellaneous Expense ED Feedback Previous Next Check My Work
Expert Answer
Step 1 Bank Reconciliation Statement- Bank reconciliation is a statement prepared by the business (client) on a specific date to reconcil