Question: The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank............... $17,000 Balance per company records.......... 5,765 Bank

The following data were gathered to use in reconciling the bank account of Bradford Company:
Balance per bank............... $17,000
Balance per company records.......... 5,765
Bank service charges.............. 125
Deposit in transit............... 3,000
Note collected by bank with $360 interest..... 9,360
Outstanding checks.............. 5,400
a. What is the adjusted balance on the bank reconciliation?
b. Journalize any necessary entries for Azalea Company based on the bank reconciliation?

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