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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per company records
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per company records 19,140 Bank service charges 45 2,300 Deposit in transit Note collected by bank with $200 interest 5,200 Outstanding checks 3,755 a. What is the adjusted balance on the bank reconciliation? Feedback 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 lll II III II Cash Notes Receivable Interest Revenue
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