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  3. the following data were gathered to use in reconci

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 $17,800
Balance per company records 9,075
Bank service charges 25
Deposit in transit 2,900
Note collected by bank with $200 interest 4,900
Outstanding checks 6,750
Instructions
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.

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