Question
The World Bank forecasts growth of world trade to be 9.30%, up from 20.50% in 2017. This change has caused Galapagos Islands Resort to analyze
The World Bank forecasts growth of world trade to be 9.30%, up from 20.50% in 2017. This change has caused Galapagos Islands Resort to analyze its current financial situation, beginning with reconciling its accounts. Galapagos Islands Resort received its bank statement showing a balance of $10,013.60. Its checkbook balance is $16,058.00. Deposits in transit are $3,824.00 and $7,417.00. There is a service charge of $28.00 and interest earned of $11.60. Notes collected total $2,487.00. Outstanding checks are No. 1021 for $1,643.00 and No. 1022 for $1,083.00. All numbers are in U.S. dollars.
Prepare Galapagos Islands Resort bank reconciliation
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