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The World Bank forecasts growth of world trade to be 7.30%, up from 21.80% in 2017. This change has caused Galapagos Islands Resort to
The World Bank forecasts growth of world trade to be 7.30%, up from 21.80% 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 $11,133.40. Its checkbook balance is $16,208.00. Deposits in transit are $4,039.00 and $7,225.00. There is a service charge of $47.00 and interest earned of $12.40. Notes collected total $2,466.00. Outstanding checks are No. 1021 for $2,121.00 and No. 1022 for $1,637.00. All numbers are in U.S. 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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