Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson...

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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per ba

BOOK Show Me HOW calculator Print Item Petty Cash Fund Prepare journal entries for each of the following. For a compound tran

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Answer 1

Answer #1

As per guidelines we can't answer two question single upload. Below is the solution for 1st question Bank reconciliation.

*Bank Reconciliation*
Balance as per bank	$ 14,970
Add: Deposit in transit	2,200
Less: Outstanding checks	(5,570)
Adjusted Cash Balance	$ 11,600

Balance as per books	$ 12,480
Less: NSF Check	(810)
Less: Bank service charge	(70)
Adjusted Cash Balance	$ 11,600

a) Adjusted balance	$ 11,600

b)
Description	Debit	Credit
Accounts receivable	810
Miscellaneous expense	70
Cash		880

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Answer 2

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