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anygoal [31]
3 years ago
14

Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4

69.31. Deposits in transit amounted to $1,197.87 and there was a service charge of $6.00. Outstanding checks were $310.18 and $324.50, and the interest earned was $109.20. Find the reconciled balanc
Business
1 answer:
Ivenika [448]3 years ago
8 0

Answer:

Reconciled balance for both bank and cheque book statement is $2,572.51

Explanation:

To find the reconciled balance, we start of with reconciling the bank statement with cheque book statement

Bank statement

Balance as per bank statement

$2009.32

Add: deposits in transits

$1,197.87

Less: outstanding checks

($310.18 + $324.50)

Reconciled balance

$2,572.51

Cheque book

Balance as per cheque book

$2,469.31

Add: interest earned

$109.20

Less: service charge

($6)

Reconciled balance

$2,572.51.

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