Chapter 7 Internal Control and Cash 365 BE 7-3 Bank reconciliation The following data were gathered to use in reconciling the bank account of Reddan Company: Obj. 5 18,250 12,045 Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $160 interest Outstanding checks ME HOW 3,500 4,160 5,575 A. What is the adjusted balance on the bank reconciliation? B. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Obj. 6