Question
could someone answer those questions and explain them plz. Finance: Complete the bank reconciliation below by making the appropriate selections. Assume that all deposits, checks,
could someone answer those questions and explain them plz.
Finance:
Complete the bank reconciliation below by making the appropriate selections. Assume that all deposits, checks, and other withdrawals have been recorded in your check register.
Balance per your check register | $800.00 | Balance per bank statement | $691.00 |
Add: | Add: | ||
Checks written but not yet cleared $300.00 | Deposits made since closing date of $400.00 | ||
Subtract: | Subtract: | ||
Interest earned of $3.00 | Bank fee of $12.00 | ||
Adjusted balance | $791.00 | Adjusted balance | $791.00 |
If you intend to deposit funds into your bank account, it is best to use arestrictive endorsement.
A lost check with ablank endorsement can be cashed by anyone who finds it.
Your personal liability for the misuse of a lost debit card will be limited to $50 if you notify the issuing bank within:
7 days after the misuse occurs.
90 days of receiving your bank statement.
60 days of receiving your bank statement.
2 days of losing the card.
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