Question
The World Bank forecasted growth of world trade to be 6.25% , up from 15.60% . This change caused Galapagos Islands Resort to analyze its
The World Bank forecasted growth of world trade to be
6.25%
, up from
15.60%
. This change caused Galapagos Islands Resort to analyze its current financial situation, beginning with reconciling its accounts. Galapagos Islands Resort received its bank statemen showing a balance of
$10,71240
. Its checkbook balance is
$16,137.00
. Deposits in transit are
$3,578.00
and
$6,742.00
. There is a service charge of
$33.00
and interest earned of
$3.40
. Notes collected total
$1,859.00
. Outstanding checks are Number 1021 for
$1,989.00
and Number 1022 for
$1,077.00
. All numbers are in U.S. dollars.\ Prepare Galapagos Islands Resort bank reconciliation\ Note: Input all amounts as positive values. Round your answers to 2 decimal places.\ \\\\table[[BANK RECONCIIIATION],[Galapagos Islands Resort checkbook balance,,Bank balance,,],[Add,,Add,,],[,,,,],[Deposits in transit (total),,,,],[Subtotal,,Subtotal,,],[Deduct,,Deduct,,],[,,,,],[,,,,],[Reconciled balance,,Reconciled balance,,]]
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