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Bob Albrecht received his bank statement on July 5 showing a balance of $2,603.21. His checkbook had a balance of $1,896.89. The statement showed
Bob Albrecht received his bank statement on July 5 showing a balance of $2,603.21. His checkbook had a balance of $1,896.89. The statement showed a service charge of $15.80 and an electronic payroll deposit of $200.00. The deposits in transit totaled $339.28, and the outstanding checks were for $182.00, $261.40, and $418.00. Use the form below to reconcile Bob's account. (Sketch duplicates of these forms on your scratch paper.) Then enter the amounts as requested below. Round your answers to the nearest cent. CHECKBOOK BALANCE Add: Interest Earned & Other Credits SUBTOTAL Deduct: Service Charges & Other Debits ADJUSTED CHECKBOOK BALANCE STATEMENT BALANCE Add: Deposits in Transit SUBTOTAL Deduct: Outstanding Checks ADJUSTED STATEMENT BALANCE ADJUSTED CHECKBOOK BALANCE: $ ADJUSTED STATEMENT BALANCE: $ Reconciled Balances Checks Outstanding No. Amount Total
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