Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

the work you have completed so far. It does not indicate completion. 10 3 points Return to question The US. Chamber of Commerce provides

image text in transcribed

the work you have completed so far. It does not indicate completion. 10 3 points Return to question The US. Chamber of Commerce provides a free monthly bank reconciliation template at business uschamber.com/tools/bankre m.asp. Riley Whitelaw 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 $863. Her bank statement reflects a balance of $1,541. Checks outstanding are Number 2146, $33, Number 2148, $84; Number 2152. $222, and Number 2153, $491. Deposits in transit are $144 and $86. There is a $27 service charge and $14 ATM charge in addition to notes collected of $89 and $30 Reconcile Riley's balances Note: Input all amounts as positive values. Round your answers to 2 decimal places. Riley's checkbook balance Add Notes collected (total) Deposits in transit (total) Subtotal Deduct Service charge ATM charge Subtotal Reconciled balance $1.541 Answer is not complete. BANK RECONCILIATION $ 863 Bank balance Add 330 Deposits in transit (a) 640 Notes collected (o) Subtotal 00 00 27 O 14 O 00 41 O $1,541) Deduct Deposits in transit (total) Interest earned Outstanding checks (lota Reconcled balance 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

978-0077431808

Students also viewed these Accounting questions

Question

=+) Why is R2 higher for the first model (in Exercise 40)?

Answered: 1 week ago

Question

O What information is reported in an income statement?

Answered: 1 week ago