Answer:
The reconciled balance =32900.10 which tallies with bank balance.
Step-by-step explanation:
Given that the bank statement of Ali Co. indicated a current balance of $32,900.10
But the cheque book balance is only 34509.11
We do reconciliation as follows:
Cheque book balance 34509.11
Less: Deposit in transit not cr. 6821.11
Net balance 27688.00
Add: cheque no 600 not presented 3988.33
31676.33
Add: Interest earned by Ali 1333.88
Less: NSF 110.11
Balance as per bank 32900.10
The reconciled balance =32900.10 which tallies with bank balance.
