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Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank Balance per company records
Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank Balance per company records $ 17,900 8,255 Bank service charges 35 Deposit in transit 3,050 Note collected by bank with $160 interest 5,450 Outstanding checks 7,280 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for McCurdy Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
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