Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $ 18,550 Balance per company records 9,310 Bank service charges Deposit in transit Note collected by bank with $120 interest Outstanding checks 40 Feedback 3,600 5,450 7,430 a. What is the adjusted balance on the bank reconciliation? 14,720 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. b. Journalize any necessary entries for Photo Op. 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 Reddan company: a. What is the adjusted balance on the bank reconciliation? s Fetcloack r Cheok My Work a. Set up two sections: one for the company cash aount 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 oveslooked or treated in error. b. Journalize any necessary entries for Photo Op. Company based on the bank reconcilation. If an amount box does not require an entry, leave it blank. b. Journalize any necessary entries for Photo OD. Company based on the bank reconciliation, if an amount box does not require an entry, leave it blank