The following data were gathered to use in reconciling the bank account of Donovan Company:

Balance per bank $$14,385$

Balance per company records $11,200$

Bank service charges $60$

Deposit in transit $2,125$

NSF check $1,480$

Outstanding checks $6,850$

Required:

a$.$ What is the adjusted balance on the bank reconciliation?

b$.$ On March $1,$ journalize any necessary entries for Donovan Company based on the bank reconciliation. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.