Kameron Gibson's bank statement showed a balance of $1,016.75. Kameron's checkbook had a balance of $22710. Check No. 104 for $121.60 and check No. 105 for $15.85 were outstanding. A $775.30 deposit was not on the statement. He has his payroll check electronically deposited to his checking account-the payroll check was for $1,467.50. There was also a $12.50 teller fee and an $27.50 service charge. Prepare Kameron Gibson's bank reconciliation. (Round your answers to 2 decimal places.) Kameron's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct Reconciled balance Reconciled balance
Kameron Gibson's bank statement showed a balance of $1,016.75. Kameron's checkbook had a balance of $22710. Check No. 104 for $121.60 and check No. 105 for $15.85 were outstanding. A $775.30 deposit was not on the statement. He has his payroll check electronically deposited to his checking account-the payroll check was for $1,467.50. There was also a $12.50 teller fee and an $27.50 service charge. Prepare Kameron Gibson's bank reconciliation. (Round your answers to 2 decimal places.) Kameron's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct Reconciled balance Reconciled balance
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Kameron Gibson's bank statement showed a balance of $1,016.75. Kameron's checkbook had a balance of $22710. Check No. 104 for
$121.60 and check No. 105 for $15.85 were outstanding. A $775.30 deposit was not on the statement. He has his payroll check
electronically deposited to his checking account-the payroll check was for $1,467.50. There was also a $12.50 teller fee and an
$27.50 service charge.
Prepare Kameron Gibson's bank reconciliation. (Round your answers to 2 decimal places.)
Kameron's checkbook balance
Bank balance
Add:
Add:
Subtotal
Subtotal
Deduct:
Deduct
Reconciled balance
Reconciled balance
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Banks are finding more ways to charge fees,such as a $34.60 overdraft fee. Sue McVickers has an account in Fayetteville;she has received her bank statement with this $34.60 charge.Also, she was charged a $14.20 service fee; however, the good news is she earned $6.25 interest .her bank statement's balance was 546.45 but it did now shows the $1288.65 deposit she had made. Sue's checkbook balance shows $731.70.The following checks have not cleared: Number 250 $645.45 ; Number 253,$291.00 and number 254, $209.50
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