The Following Data Were Gathered to Use in Reconciling the Bank

question 159

Essay

The following data were gathered to use in reconciling the bank statement of Build-A-Lot:​ $$\begin{array} { | l | r | } \hline \text { Balance per bank } & \$ 14,355 \\\hline \text { Balance per company records } & 14,010 \\\hline \text { Bank service charges } & 80 \\\hline \text { Deposits in transit } & 4,100 \\\hline \text { NSF checks } & 775 \\\hline \text { Outstanding checks } & 5,300 \\\hline\end{array}$$ Required
(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:

Origins Of Food Production

The historical and anthropological study of how human societies began to cultivate crops and domesticate animals for food.

Fertile Crescent

A historical region in the Middle East known for its rich soils and early development of agriculture, stretching from the Nile Valley through the Levant and into the western parts of Iran.

Southwest Asia

A geographical region that includes countries such as Turkey, Saudi Arabia, and Iran, often considered part of the Middle East.

Domestication

Domestication is the process through which humans have modified plants and animals through selective breeding for desired traits, resulting in species that differ significantly from their wild ancestors.