Question

The bank statement of Ali Co. indicated a current balance of $32,900.10. The current checkbook balance

Answer 1

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.