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Word Problem 6-5 [LU 6-2 (3)] The World Bank forecasts growth of world trade to be 8.00%, up from 16.10%. This change has caused Galapagos

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Word Problem 6-5 [LU 6-2 (3)] The World Bank forecasts growth of world trade to be 8.00%, up from 16.10%. 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 $9,519.00. Its checkbook balance is $15,819.00. Deposits in transit are $4,313.00 and $6,546.00. There is a service charge of $53.00 and interest earned of $5.00. Notes collected total $2,165.00. Outstanding checks are No. 1021 for $1,450.00 and No. 1022 for $992.00. All numbers are in U.S. dollars. Prepare Galapagos Islands Resort bank reconciliation. (Round your answers to 2 decimal places.) Galapagos Islands Resort checkbook balance Add: Bank balance Add: Deduct: Deduct: 53.00 Reconciled balance Reconciled balance

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