Business, 20.12.2019 23:31 kskfbfjfk

Green valley bank sent comstock industries its end-of-month bank statement for july. the end of month balance by the bank is $11,237. the statement shows that a deposit for $4,250 is in transit at the end of the statement period. the statement also revealed that checks for $87, $105, and $95 are outstanding. green valley collected a $4,000 note receivable plus $120 of interest revenue. the bank charges $20 for the collection service. the bank charges a monthly account fee of $35. the end-of-month balance per company books is $11,135. required: (1) what is the adjusted balance on the bank reconciliation? (2) journalize any necessary entries for comstock industries based on the bank reconciliation.

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Green valley bank sent comstock industries its end-of-month bank statement for july. the end of mont...

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