The Following Data Were Gathered to Use in Reconciling the Bank

question 154

Essay

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

Release-of-Records Form

A document signed by a patient that authorizes the disclosure or sharing of their medical records with specified parties.

Court System

The organizational framework responsible for administering justice in civil, criminal, and administrative matters through courts and legal processes.

SOAP Documentation

A method of documentation used in healthcare to organize patient notes; it stands for Subjective, Objective, Assessment, and Plan.

Medical Information

Data related to a patient's health history, treatments, and current medical condition.