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

Balance per bank	$17,500
Balance per company records	8,545
Bank service charges	45
Deposit in transit	2,650
Note collected by bank with $120 interest	5,400
Outstanding checks	6,250

a.	What is the adjusted balance on the bank reconciliation?
b.	Journalize any necessary entries for Reddan Company based on the bank reconciliation.