Adela received her bank statement on March 7, showing a balance of $2,640.87. The balance shown in her checkbook was $2,246.22. Deposits in transit amounted to $647.56 and there was a service charge of $7.00. Outstanding checks were $274.63, $370.00, $25.00, and $288.61, and the interest earned was $90.97. Find the reconciled balance. O $394.65 O $2,162.25 O $2,330.19 O $3,933.06

Adela received her bank statement on March 7, showing a balance of $2,640.87. The balance shown in her checkbook was $2,246.22. Deposits in transit amounted to $647.56 and there was a service charge of $7.00. Outstanding checks were $274.63, $370.00, $25.00, and $288.61, and the interest earned was $90.97. Find the reconciled balance. O $394.65 O $2,162.25 O $2,330.19 O $3,933.06

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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