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. For a compound transaction, if an amount box does not require an entry, leave it blank.

	Miscellaneous Expense
	Cash
	Cash
	Notes Receivable
	Interest Revenue