Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A local bank began charging $2.90 each month for returning canceled checks. The bank also has an $14.80 maintenance fee if a checking account slips
A local bank began charging $2.90 each month for returning canceled checks. The bank also has an $14.80 "maintenance" fee if a checking account slips below $750.00. Donna Sands likes to have copies of her canceled checks for preparing her income tax returns. She has received her bank statement with a balance of $528.17. Donna received $3.28 in interest and has been charged for the canceled checks and the maintenance fee. The following checks were outstanding: No. 94, $130.60, No. 96, $111.90; No. 98, $216.84; and No. 99, $66.21. A deposit of $810.86 was not recorded on Donna's bank statement. Her checkbook shows a balance of $827.90. Prepare Donna's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) Donna's checkbook balance Add: (Click to select) Bank balance Add: (Click to select) Deduct: (Click to select) Deduct: (Click to select) (Click to select) Reconciled balance Reconciled balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started