Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete the table by following entries given The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at business.uschamber.com/tools/bankre_m.asp. Paula Hein just received

Complete the table by following entries given  


The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at business.uschamber.com/tools/bankre_m.asp. Paula Hein just received her bank statement notice online. She wants to reconcile her checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of $771. Her bank statement reflects a balance of $1,581. Checks outstanding are No. 2146, $70; No. 2148, $72; No. 2152, $213; and No. 2153, $470. Deposits in transit are $108 and $85. There is a $17 service charge and $6 ATM charge in addition to notes collected of $149 and $52. Reconcile Annie's balances. BANK RECONCILIATION Annie's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balance

Step by Step Solution

3.43 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

Answer Annies check book balance 771 Bank Balance 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

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

More Books

Students also viewed these Accounting questions