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Banks are finding more ways to charge fees, such as a $33.60 overdraft fee. Sue McVickers has an account in Fayetteville; she has received
Banks are finding more ways to charge fees, such as a $33.60 overdraft fee. Sue McVickers has an account in Fayetteville; she has received her bank statement with this $33.60 charge. Also, she was charged a $7.70 service fee; however, the good news is she earned $6.45 interest. Her bank statement's balance was $588.65, but it did not show the $1,390.25 deposit she had made. Sue's checkbook balance shows $762.50. The following checks have not cleared: Number 250, $642.95; Number 253, $303.40; and Number 254, $304.90. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add: Interest Subtotal Deduct: BANK RECONCILIATION $ 762.50 Bank balance Add: 6.45 Deposit in transit Overdraft $ (33.60) Service charge (7.70) Subtotal Reconciled balance Subtotal Deduct: $ 588.65 1,390.25 1,978.90 Outstanding checks (total) (1,251.25) Reconciled balance $ 727.65
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