A local bank began charging $4.80 each month for returning canceled checks. The bank also has an $10.75 "maintenance" fee if a checking account slips below $750.00. Donna Sands likes to have copies of her canceled checks for preparing her income tax returns. She has received her bank statement with a balance of $599.36. Donna received $4.18 in interest and has been charged for the canceled checks and the maintenance fee. The following checks were outstanding: Number 94, $129.88; Number 96, $138.20; Number 98, $229.24; and Number 99, $69.03. A deposit of $803.81 was not recorded on Donna's bank statement. Her checkbook shows a balance of $848.19. Prepare Donna's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. BANK RECONCILIATION

A local bank began charging $4.80 each month for returning canceled checks. The bank also has an $10.75 "maintenance" fee if a checking account slips below $750.00. Donna Sands likes to have copies of her canceled checks for preparing her income tax returns. She has received her bank statement with a balance of $599.36. Donna received $4.18 in interest and has been charged for the canceled checks and the maintenance fee. The following checks were outstanding: Number 94, $129.88; Number 96, $138.20; Number 98, $229.24; and Number 99, $69.03. A deposit of $803.81 was not recorded on Donna's bank statement. Her checkbook shows a balance of $848.19. Prepare Donna's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. BANK RECONCILIATION

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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