Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ben Luna recelved his bank statement with a $28.65 fee for a bounced-check (NSF). He has an $917.20 monthly mortgage payment paid through his bank.

image text in transcribed

Ben Luna recelved his bank statement with a $28.65 fee for a bounced-check (NSF). He has an $917.20 monthly mortgage payment paid through his bank. There was also a $4.15 teller fee and a check printing fee of $6.80. His ATM card fee was $6.50. There was also a $617.55 deposit in transit. The bank shows a balance of $80.45. The bank paid Ben $1.55 in interest. Ben's checkbook shows a balance of $1,498.00. Check Number 234 for $119.75 and check Number 235 for $42.00 were outstanding. Prepare Ben's bank reconciliation. Note: Input all amounts as positlve values. Round your answers to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Not For Profit Entities Audit And Accounting Guide

Authors: AICPA

1st Edition

1937351971, 978-1937351977

More Books

Students also viewed these Accounting questions

Question

What does unduly high performance indicate?

Answered: 1 week ago