The Following Data Were Gathered to Use in Reconciling the Bank

question 101

Essay

The following data were gathered to use in reconciling the bank statement of Build-A-Lot: $$\begin{array} { | l | l | } \hline \text { alance per bank } & \$ 14,355 \\\hline \text { Balance per company records } & 14,010 \\\hline \text { Bank service charges } & 80 \\\hline \text { Deposits in transit } & 4,100 \\\hline \text { NSF checks } & 775 \\\hline \text { Outstanding checks } & 5,300 \\\hline\end{array}$$ 1) What is the adjusted balance on the bank reconciliation?
2) Journalize any necessary entries for Build-A-Lot based on the bank reconciliation.

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Definitions:

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Mechanical Soft Diet

A diet designed for individuals who have difficulty chewing or swallowing, featuring foods that require minimal chewing, such as soft fruits, cooked vegetables, and ground meats.

Complication

An unforeseen event or condition that complicates or impedes a process, condition, or procedure.