Alexix Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10. After reviewing her records with the bank statement, she discovered a deposit on July 1 not recorded on the statement for $9,821.55. A check written for $7,986.05 had not been returned by the bank. This month the company earned interest of $33.10. The bank charged the company $48.10 for printing new checks. Alexis also discovered that a check written for $49.55 was not recorded in the check stubs. The reconciled balance is:
Alexix Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10. After reviewing her records with the bank statement, she discovered a deposit on July 1 not recorded on the statement for $9,821.55. A check written for $7,986.05 had not been returned by the bank. This month the company earned interest of $33.10. The bank charged the company $48.10 for printing new checks. Alexis also discovered that a check written for $49.55 was not recorded in the check stubs. The reconciled balance is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alexix Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10. After reviewing her records with the bank statement, she discovered a deposit on July 1 not recorded on the statement for $9,821.55. A check written for $7,986.05 had not been returned by the bank. This month the company earned interest of $33.10. The bank charged the company $48.10 for printing new checks. Alexis also discovered that a check written for $49.55 was not recorded in the check stubs. The reconciled balance is:
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Step 1 Given
Bank Balance :- $ 7000.10
Checkbook Balance :- $ 8900.15
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