Bank reconciliation OBJ. 5 The following data were gathered to use in reconciling the bank account of Conway Company:

Balance per bank $23,900 Balance per company records 8,700 Bank service charges 50 Deposit in transit 5,500 Note collected by bank with $450 interest 9,450 Outstanding checks 11,300

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

b. Journalize any necessary entries for Conway Company based on the bank reconciliation.