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

Line Item Description Amount

Balance per bank $ $17,400$

Balance per company records $9,890$

Bank service charges $40$

Deposit in transit $3,550$

Note collected by bank with $$170$ interest $5,000$

Outstanding checks $6,100$

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

b$.$ Journalize any necessary entries for Lays Company based on the bank reconciliation.