Ben Luna received his bank statement with a $30.62 fee for a bounced-check (NSF). He has an $856.80 monthly mortgage payment paid through his bank. There was also a $6.00 teller fee and a check printing fee of $7.25. His ATM card fee was $7.60. There was also a $667.50 deposit in transit. The bank shows a balance of $95.13. The bank paid Ben $2.75 in interest. Ben's checkbook shows a balance of $1,532.80. Check No. 234 for $101.15 and check No. 235 for $34.20 were outstanding. Prepare Ben's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) BANK RECONCILIATION Ben's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balance < Prev 5 of 15 Next >
Ben Luna received his bank statement with a $30.62 fee for a bounced-check (NSF). He has an $856.80 monthly mortgage payment paid through his bank. There was also a $6.00 teller fee and a check printing fee of $7.25. His ATM card fee was $7.60. There was also a $667.50 deposit in transit. The bank shows a balance of $95.13. The bank paid Ben $2.75 in interest. Ben's checkbook shows a balance of $1,532.80. Check No. 234 for $101.15 and check No. 235 for $34.20 were outstanding. Prepare Ben's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) BANK RECONCILIATION Ben's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balance < Prev 5 of 15 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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The reconciled balances need to match
Transcribed Image Text:Ben Luna received his bank statement with a $30.62 fee for a bounced-check (NSF). He has an $856.80 monthly mortgage payment
paid through his bank. There was also a $6.00 teller fee and a check printing fee of $7.25. His ATM card fee was $7.60. There was also
a $667.50 deposit in transit. The bank shows a balance of $95.13. The bank paid Ben $2.75 in interest. Ben's checkbook shows a
balance of $1,532.80. Check No. 234 for $101.15 and check No. 235 for $34.20 were outstanding.
Prepare Ben's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.)
BANK RECONCILIATION
Ben's checkbook balance
Bank balance
Add:
Add:
Subtotal
Subtotal
Deduct:
Deduct:
Subtotal
Reconciled balance
Reconciled balance
< Prev
5 of 15
Next >
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