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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Loys Company: Balance per bank $ 32,120 Balance per company

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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Loys Company: Balance per bank $ 32,120 Balance per company records 26,790 Bank service charges 150 Deposit in transit 4,730 NSF check 1,740 Outstanding checks 11,950 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

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