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The World Bank forecasts growth of world trade to be 6.35%, up from 14.30% in 2017. This change has caused Galapagos Islands Resort to
The World Bank forecasts growth of world trade to be 6.35%, up from 14.30% 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 $9,923.20. Its checkbook balance is $15,984.00. Deposits in transit are $4,181.00 and $6,736.00 There is a service charge of $37.00 and interest earned of $8.20. Notes collected total $1,841.00. Outstanding checks are No. 1021 for $2,141.00 and No. 1022 for $903.00. All numbers are in US dollars. Prepare Galapagos Islands Resort bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) Galapagos Islands Resort checkbook balance Add Subtotal Deduct Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct Reconciled balance
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