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The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,550 Balance per company records 10,030 Bank service charges 40 Deposit in transit 3,050 Note collected by bank with $190 interest 4,750 Outstanding checks 6,860 a. What is the adjusted balance on the bank reconciliation

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Zviko

Answer:

$13,840

Explanation:

Bank reconciliation Statement

Balance per company records    $10,030

Add unpresented checks            $ 6,860

Less Lodgements                        ($3,050)

Balance as per Bank Statement $13,840

the adjusted balance on the bank reconciliation is $13,840

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