The following data were gathered to use in reconciling the bank account of Reddan Company: $18,250 9,780 30 Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $120 interest Outstanding checks 3,650 5,050 7,100 Instructions 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 CHART OF ACCOUNTS Reddan Company General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends First Question a. What is the adjusted balance on the bank reconciliation? $ Journal x b. Journalize any necessary entries for Reddan Company based on the bank reconciliation on December 31. Refer to the Chart of Accounts for exact wa titles JOURNAL ACCOUNTIN DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABI 2 3 4 5 Journal x cessary entries for Reddan Company based on the bank reconciliation on December 31. Refer to the Chart of Accounts for exact wording of account PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY