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The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $17,350 Balance per company records 10,035 Bank
The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $17,350 Balance per company records 10,035 Bank service charges 35 Deposit in transit 3,350 Note collected by bank with $190 interest 4,600 Outstanding checks 6,100 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Reddan Company based on the bank reconciliation
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