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?

Adjusted balance per bank reconciliation $ 24,295

Explanation:

Computation of adjusted balance per bank reconciliation

Balance per bank statement                                                   $ 25,750

Add: Deposits in transit                                                           $   2,300

Less: Outstanding checks                                                       $ (  3,755)

Adjusted balance per bank statement                                   $ 24,295

Balance per cash book                                                            $ 19,140

Less: Bank Service Charges                                                    $ (     45)

Add: Note collected by bank                                                   $ 5,200

Adjusted balance per cash book                                            $ 24,295

The deposits in transit and the outstanding checks have not been incorporated in the bank statement so adjusted  to the bank statement balance

The bank service charges and the direct collection by the bank of the note receivable have not been incorporated in the cash book hence adjusted.

its kinda hard to answer this when we dont have all the information that we need.

answer; rapid growth in buyer demand and high buyer switching cost;