Bank Reconciliation The following data were gathered to use in reconciling the bank account of McCurdy Company: Balance per bank $ 18,950 Balance per company records 11,205 Bank service charges 35 Deposit in transit 3,950 Note collected by bank with $110 interest 4,900 Outstanding checks 6,830 a. What is the adjusted balance on the bank reconciliation? 18,950 X Feedback Check My Work a. Set up two sections: one for the company cash account section and the other for the bank balance section. Determine the effect of the data on each section. Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an Item has been overlooked or treated in error. Learning Objective 5. b. Journalize any necessary entries for McCurdy Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank. Accounts Receivable x 4,900 X Miscellaneous Expense X 35 Cash 4,935 X