On April 3, Erin Gardner received her bank statement showing a balance of $2,086.93. Her checkbook showed a balance of $1.932.47. Outstanding checks were $214.15, $337.80, $78.10, $112.42, and $212.67. The account earned $20.43. Deposits in transit amount to $812.11, and there is a service charge of $9.00. Use the form below to calculate the reconciled balance. CHECKBOOK BALANCE STATEMENT BALANCE Add: Interest Earned & Other Credits Add: Deposits in Transit SUBTOTAL SUBTOTAL Deduct: Outstanding Checks Deduct: Service Charges & Other Debits ADJUSTED CHECKBOOK BALANCE ADJUSTED STATEMENT BALANCE Enter anxact number Need Help? Road Watch Master It Talk to a Tutor 15. 0/1 points Previous Answers BreCMBC9 4.11.004. My Notes Ask Your Teacher You are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30 checks per month and will make three debit transactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months. Use the following information to solve the problem. 15. 0.2/1 points Previous Answers BreCMBC9 4.11.004. My Notes Ask Your Teach You are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year yo will be writing 30 checks per month and will make three debit transactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months. Use the following information to solve the problem. Bank Monthly Fees and Conditions $16.00 with $1,000 min. daily balance Bank 1 $25.00 under $1,000 min. daily balance Bank 2 $4.50 plus $0.30 per check over 10 checks monthly $1.00 per debit transaction Bank 3 $7 plus $0.25 per check $2.00 per debit transaction Bank 4 $8 plus $0.15 per check $1.50 per debit transaction (a) Calculate the cost (in ) of doing business with each bank for a year. Bank 1 $ 246.00 246.00 Bank 2 Bank 3 Bank 4 (b) Which bank should you choose for your checking account? Bank 2