Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $1,059.50. The bank shows a balance of $1,574.28.
Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $1,059.50. The bank shows a balance of $1,574.28. The following transactions occurred: $230.40 automatic withdrawal to the gas company, $11.10 ATM fee, $10.90 service fee, and $1,080.95 direct deposit from the IRS. Carolyn used her debit card five times and was charged 46 cents for each transaction; she was also charged $7.70 for check printing. A $960.78 deposit was not shown on her bank statement. The following checks were outstanding: Number 235, \$230.90; Number 237, \$212.13; Number 238, \$151.22; and Number 239, \$50.43. Carolym recelved $12.33 interest. Prepare Carolyn's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places
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