Answer:
Total outstanding checks = $965.14
Adjusted checkbook balance = Adjusted statement balance = $1,935.90
Step-by-step explanation:
Note: There are some typographical errors in this question. The question is therefore correctly represented as follows:
On April 3, Erin Gardner received her bank statement showing a balance of $2,087.93. Her checkbook showed a balance of $1,493.90. Outstanding checks were $224.15, $327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the deposits in transit amounted to $813.11. There was an electronic payroll deposit of $450.00. Use the form below to reconcile Erin's account.
The explanation of the asnwers can now be presented as follows:
Erin Gardner
Calculation of Outstanding Checks
<u>No Amount ($) </u>
1. 224.15
2. 327.80
3. 88.10
4. 122.42
5. <u> 202.67 </u>
Outstanding checks <u> 965.14 </u>
Computation of adjusted checkbook balance
<u>Details Amount ($) </u>
Checkbook balance 1,493.90
<u>Add:</u>
Electronic payroll deposit of <u> 450.00 </u>
Subtotal 1,943.90
<u>Deduct:</u>
Service charge <u> (8) </u>
Adjusted checkbook balance <u> 1,935.90 </u>
Computation of adjusted statement balance
<u>Details Amount ($) </u>
Statement balance 2,087.93
<u>Add:</u>
Deposits in transit <u> 813.11 </u>
Subtotal 2,901.04
<u>Deduct:</u>
Outstanding checks <u> 965.14 </u>
Adjusted statement balance <u> 1,935.90 </u>
