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Question 3 Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,540 Balance

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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,540 Balance per company records 15,465 Bank service charges 85 Deposit in transit 2,730 NSF check 1,010 Outstanding checks 6,900 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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