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The following data were gathered to use in reconciling the bank account of Reddan Company:...

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Accounting

The following data were gathered to use in reconciling the bank account of Reddan Company:

Balance per bank $18,250

Balance per company records 12,045

Bank service charges 30

Deposit in transit 3,500

Note collected by bank with $160 interest 4,160

Outstanding checks 5,575

a. What is the adjusted balance on the bank reconciliation?

b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.

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