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

Balance per bank	$18,250
Balance per company records	12,045
Bank service charges	30
Deposit in transit	3,500
Note collected by bank with $160 interest	4,160
Outstanding checks	5,575

A.	What is the adjusted balance on the bank reconciliation?
B.	Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.

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Chart of Accounts

A. What is the adjusted balance on the bank reconciliation?

B. Journalize any necessary entries for Reddan Company based on the bank reconciliation on December 31. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
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