Answer:
The final answer is "$2387.85 and $2594.85".
Step-by-step explanation:
Given values:
The bank statement balance= $2,253.18
The checkbook balance = $2,324.34
outstanding check amounts= $105.50 and $158.10
transit amount= $605.27
account earnin(credits)= $68.51
service charge= $5.00
Adjusted Checkbook Balance =?
Adjusted Statement Balance=?
Adjusted the Checkbook Balance:
checkbook balance = $2,324.34
![\text{total checkbook balance = checkbook balance+ credits}\\](https://tex.z-dn.net/?f=%5Ctext%7Btotal%20checkbook%20balance%20%3D%20checkbook%20balance%2B%20credits%7D%5C%5C)
![= \$ 2,324.34+ \$ 68.51\\\\= \$ 2392.85](https://tex.z-dn.net/?f=%3D%20%5C%24%202%2C324.34%2B%20%5C%24%2068.51%5C%5C%5C%5C%3D%20%5C%24%202392.85)
![\text{ Adjust check book balance= total checkbook balance - servicec charge}](https://tex.z-dn.net/?f=%5Ctext%7B%20Adjust%20check%20book%20balance%3D%20total%20checkbook%20balance%20-%20servicec%20%20charge%7D)
![= \$2392.85 - \$5.00\\\\= \$ 2387.85](https://tex.z-dn.net/?f=%3D%20%5C%242392.85%20-%20%5C%245.00%5C%5C%5C%5C%3D%20%5C%24%202387.85)
Adjusted the Statement Balance:
bank statement balance= $2,253.18
![\text{total Statement balance = bank Statement balance+ transit amount}\\](https://tex.z-dn.net/?f=%5Ctext%7Btotal%20Statement%20balance%20%3D%20bank%20%20Statement%20balance%2B%20%20transit%20amount%7D%5C%5C)
![= \$ 2,253.18+ \$ 605.27\\\\= $ 2,858.45](https://tex.z-dn.net/?f=%3D%20%5C%24%202%2C253.18%2B%20%5C%24%20605.27%5C%5C%5C%5C%3D%20%24%202%2C858.45)
![\text{outstanding check amounts = $105.50+ $158.10}](https://tex.z-dn.net/?f=%5Ctext%7Boutstanding%20check%20amounts%20%3D%20%24105.50%2B%20%24158.10%7D)
![= \$263.60](https://tex.z-dn.net/?f=%3D%20%5C%24263.60)
![= \$ 2,858.45 - \$263.60\\\\= $ 2,594.85](https://tex.z-dn.net/?f=%3D%20%5C%24%202%2C858.45%20-%20%20%5C%24263.60%5C%5C%5C%5C%3D%20%24%202%2C594.85)