Balance per bank $25,750 Balance per company records 19,140 Bank service charges 45 Deposit in transit 2,300 Note collected by bank with $200 interest 5,200 Outstanding checks 3,755 What is the adjusted balance on the bank reconciliation? Feedback Check My Work a. Set up two sections: one for the company cash account section and the other for the bank balance section Determine the effect of the data on each section Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal if not an item has been overlooked or treated in error b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank. Miscellaneous Expense Cash Cash b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. If an amount box does not require an entry, le blank. Miscellaneous Expense Cash 10 Cash 11 110 Notes Receivable Interest Revenue Feedback Check My Work b. Keep in mind that the company needs to journalice any adjusting items in the company section of the bank reconciliation, because these have not been previously recorded by the company Petty Cash Fund Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $500. If an amount box does not require an entry, leave it blank. Petty Cash Cash Feedback Check My Work a. Recall that the only time Petty Cash is used is when the fund is initially established or increased