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Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $ 2 , 9 5 5 . 8 2
Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement
showed a $ balance. Melissa's checkbook showed a $ balance. Melissa placed a $
deposit in the bank's night depository on June The deposit did not appear on the bank statement. The bank
included two DMs and one CM with the returned checks: $ DM for NSF check, $ DM for service
charges, and $less $ collection fee for collecting a $ noninterestbearing note. Check
number for $ and check number for $ both written and recorded on June were not with
the returned checks. The bookkeeper had correctly written check number $ for a new cash
register, but she recorded the check as $ The May bank reconciliation showed check number for
$ and check number for $ outstanding on May The June bank statement included check
number but not check number
Use the information above to compute Kinko's reconciled balances as of June
Note: Use cells A to B from the given information to complete this question.
What is Kinko Company's reconciled checkbook balance?
What is the reconciled bank balance?
Must use correct excel formula to determine anwer.
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