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Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $992.00. The bank shows a balance of $1,536.38.
Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $992.00. The bank shows a balance of $1,536.38. The following transactions occurred: $150.80 automatic withdrawal to the gas company, $12.90 ATM fee, $9.00 service fee, and $1,114.05 direct deposit from the IRS. Carolyn used her debit card five times and was charged 52.00 cents for each transaction; she was also charged $4.30 for check printing. A $1,122.18 deposit was not shown on her bank statement. The following checks were outstanding: No. 235, $264.20; No. 237, $200.13; No. 238, $207.82; and No. 239, $51.03. Carolyn received $8.93 interest. Prepare Carolyn's bank reconciliation. (Round your answers to 2 decimal places.) Carolyn's checkbook balance Add: IRS refund Interest Deduct: ATM fee Service fee Gas Company Printing Debit Reconciled balance $ 1,114.05 8.93 $ 992.00 Bank balance Add: Deduct: $ 1,536.38 $ 1,935.38 $ 1,935.38
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