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The following data were gathered to use in reconciling the bank account of Reddan Company:
Balance Per Bank | $25,750 |
Balance Per company records | $19,140 |
Bank Service charges | $45 |
Deposit in transit | $2,300 |
Note collected by bank with $200 interest | $5,200 |
Outstanding checks | $3,755 |
a) What is the adjusted balance on the bank reconciliation?
b) Journalize any necessary entries for Reddan Company based on the bank reconciliation.
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