1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Talja [164]
3 years ago
6

Jim Lee received his bank statement from Bayne Bank indicating a balance of $7,980. Lee's checkbook showed a balance of $6,800.

Jim noticed that checks outstanding were $1,330. The bank statement also revealed an NSF check for $120 and a service charge of $30. The reconciled balance is:
Mathematics
1 answer:
bezimeni [28]3 years ago
5 0
<span>Given:
Bayne Bank indicating a balance of $7,980.
Lee's checkbook showed a balance of $6,800.
checks outstanding were $1,330.
NSF check for $120 and a service charge of $30. 

Bank balance:                     7,980
less: outstanding checks <u>   (1,330)</u>
Bank balance, end              6,650

Jim's checkbook balance:   6,800
less: NSF check      120
         service charge 30    <u>   (150)</u>
Jim's balance, end              6,650

The reconciled balance is: $6,650.

In reconciling the bank balance, we need to add the deposits in transit and deduct the outstanding checks. This are all transactions reflected in the book but not yet reflected in the bank account.

In reconciling the book balance, we need to add the credits made in the bank account and deduct the debits like service charges.</span>
You might be interested in
How do you calculate gross pay net pay and employee benefits
Sonja [21]

Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. For example, when you tell an employee, “I'll pay you $50,000 a year,” it means you will pay them $50,000 in gross wages.

Hope this helps!!

7 0
3 years ago
Read 2 more answers
Find the ninth term of the sequence sqrt 5, sqrt 10, ^2sqrt 5
hjlf
The rule of geometric sequence is   ⇒⇒⇒ a * r^(n-1)
Where a is the first term and  r is the common ratio
for the given sequence  √5 , √10 , 2√5 , .......
a = √5
r = √10 / √5 = √2
The ninth term = √5 * (√2)^(9-1) = √5 * (√2)⁸ = 16 √5

the correct answer is the third option 16√5
5 0
3 years ago
A car rental agency currently has 44 cars available, 28 of which have a gps navigation system. one of the 44 cars is selected ra
Vitek1552 [10]
Propability of pick car randomly is 1/44
4 0
3 years ago
Air Force One can travel 630 miles per hour. Let x be the number of hours traveled. The function that gives the distance y in mi
4vir4ik [10]
11340 = 630 × 18 miles traveled
8 0
3 years ago
​PLEASE HELP! I will give you the brainiest and A LOT of points!
Alja [10]

Answer:The solution is in the attached file

Step-by-step explanation:

7 0
3 years ago
Other questions:
  • If you deposit $540 in an account that pays 6% interest compounded annually how much would be in the account after three years
    10·2 answers
  • the end points of a diameter of a circle are A(3,1) and B(8,13). Find the area of the circle in terms of X
    8·2 answers
  • Determine the volume of a cube whith a side lenght of 4cm
    9·2 answers
  • Evaluate the expression.
    9·1 answer
  • Please help me......
    14·2 answers
  • Complete the following<br> a)<br> 3<br> 5<br> 20<br> b)<br> 11<br> 25<br> 30<br> 6.
    14·1 answer
  • Sean already has 9 plants in his backyard,
    15·2 answers
  • Which numbers are irrational? Select all that apply.<br> A. 100<br> B. 36<br> C. 27<br> D. 47
    10·1 answer
  • Complete the table such that a and b represent a proportional relationship
    8·1 answer
  • Help me asap!!! Can’t figure it out for a test
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!