Banks are finding more ways to charge fees, such as a $33.00 overdraft fee. Sue McVickers has an account in Fayetteville: she has received her bank statement with this $33.00 charge. Also, she was charged a $10.80 service fee: however, the good news is she earned $13.35 interest. Her bank statement's balance was $459.45, but it did not show the $1,295.65 deposit she had made. Sue's checkbook balance shows $695.60. The following checks have not cleared: Number 250, $671.45; Number 253, $249.50; and Number 254, $169.00. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct Reconciled balance
Banks are finding more ways to charge fees, such as a $33.00 overdraft fee. Sue McVickers has an account in Fayetteville: she has received her bank statement with this $33.00 charge. Also, she was charged a $10.80 service fee: however, the good news is she earned $13.35 interest. Her bank statement's balance was $459.45, but it did not show the $1,295.65 deposit she had made. Sue's checkbook balance shows $695.60. The following checks have not cleared: Number 250, $671.45; Number 253, $249.50; and Number 254, $169.00. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct Reconciled balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Banks are finding more ways to charge fees, such as a $33.00 overdraft fee. Sue McVickers has an account in Fayetteville, she has
received her bank statement with this $33.00 charge. Also, she was charged a $10.80 service fee, however, the good news is she
earned $13.35 interest. Her bank statement's balance was $459.45, but it did not show the $1,295.65 deposit she had made. Sue's
checkbook balance shows $695.60. The following checks have not cleared: Number 250, $671.45; Number 253, $249.50; and
Number 254, $169.00.
Prepare Sue's bank reconciliation.
Note: Input all amounts as positive values. Round your answers to 2 decimal places.
Sue's checkbook balance
Add:
Subtotal
Deduct
Subtotal
Reconciled balance
BANK RECONCILIATION
Bank balance
Add:
Subtotal
Deduct
Reconciled balance
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