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The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank Balance per company records Bank service charges
The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $190 interest Outstanding checks $17,350 10,035 35 3,350 4,600 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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