4.2 Reconciling the Campbells' Checking Account Caleb and Eva Campbell at the American Bank on period ending October 5, 2017 The the Critical Thinking Questions 139 are college students who opened their first joint checking account together September 14, 2017 They've just received their first bank statement for the statement and checkbook ledger are shown in the table following Critical Thinking Questions 1. From this information, prepare a bank reconciliation for the Campbells as of lls as of October 5, 2017 using ed to make in a form like the one in Worksheet 4.1 2. Given your answer to Question 1, what, if any, adjustments will the Campbells ne their checkbook ledger? Comment on the procedures used to reconcile their checking account a their findings. de- 3. If the Campbells earned interest on their idle balances because the account is a money market posit account, what impact would this have on the reconciliation process? Explain. THE AMERICAN BANK 800-000-0000 CALEB AND EVA CAMPBELL 2128 E. ARBOR ST DENVER, COLORADO STATEMENT PERIOD SEPT. 6-OCT. 5, 2017 Opening Total Deposits Total Checks/With- drawals for Period Ending Balance for Period $95.39 Balance $360.00 45700 421.05 524.05 521.05 0.00 $569.25 $473.86 Date Withdrawals (Debits) Deposits (Credits) $360.00 9700 9.25 103.00 Sept. 14 Sept. 15 Sept. 25 $45.20 Oct. 1 Oct. 1 Oct. 4 Oct. 5 RT = Returned Check FC- Finance Charges CM Credit Memo 3.00 BC 65.90 $49.76$45.00 265.00 DM Debit Memo BC Bank Charges Checkbook Ledger Check Date Number 2017 Check Deposit Account | Amount | Amount | Balance Details Sept. 14 Cash-gift from birthday Sept. 15 Scott's wages Sept. 24 Kroger's-groceries Sept. 27 Telephone bill Oct. 1 Scott's wages Oct. 1 Univ. Bk. Sto-college books $360.00 $360.00 9700 45700 411.80 383.40 103.00 486.40 420.50 $45.20 28.40 101 102 103 65.90