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Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $ 18,150 Balance per
Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $ 18,150 Balance per company records 10,350 Bank service charges 40 Deposit in transit 3,400 Note collected by bank with $170 interest 4,700 Outstanding checks 6,540 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Azalea Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
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