Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Lays Company:

Balance per bank$ 17,700

Balance per company records9,505

Bank service charges25

Deposit in transit2,650

Note collected by bank with $100 interest4,850

Outstanding checks6,020

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

b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.

Bank Reconciliation

The following data were gathered to use in reconciling the bank account of Lays Company:

Balance per bank	$ 17,700
Balance per company records	9,505
Bank service charges	25
Deposit in transit	2,650
Note collected by bank with $100 interest	4,850
Outstanding checks	6,020

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

b. Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.