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 $$180$ interest

Outstanding checks

$$18,750$

$10,130$

$20$

$3,250$

$5,300$

$6,590$

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.

Miscellaneous Expense $-x$