The following data were gathered to use in reconciling the bank account of photo op. company: balance per bank $ 14,400 balance per company records 12,005 bank service charges 65 deposit in transit 2,120 nsf check 780 outstanding checks 5,360

what is the adjusted balance on the bank reconciliation?

$11,160

Explanation:

The computation of the adjusted balance on the bank reconciliation is shown below:

For Bank balance

= Balance per bank + Deposit in transit - Outstanding checks

= $14,400 +$2,120 - $5,360

= $11,160

For book balance:

= Balance per company records - NSF checks - Bank service charges

= $12,005 - $780 - $65

= $11,160

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