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Mice21 [21]
3 years ago
9

John’s bank statement shows a closing balance for a given month as $2,200 and his personal account register shows a closing bala

nce for the same month as $2,050. John investigated his accounts to identify the following discrepancies: Bank charges of $200 were charged. There were checks of $200 that were not yet presented for payment. Deposits not yet credited totaled $300. $450 interest was credit to John’s account. By how much is John’s bank reconciled?
Business
2 answers:
Andreyy893 years ago
4 0
Bank reconciliation refers to looking at your bank statement and your personal register and making sure they match up with no discrepancies. In this case, there were discrepancies, $150 worth so John had to look and see what was missing and making sure they both equaled the same amount. From the numbers given, John's bank account was reconciled $150. 
spin [16.1K]3 years ago
4 0

2050+200=2250

2250+200=2450

2450+300=2750

2750-450=2,300

John's Bank is reconciled at $2,300

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