Ben Luna received his bank statement with a $32.00 fee for a bounced-check (NSF). He has an $920.80 monthly mortgage payment paid through his bank. There was also a $5.70 teller fee and a check printing fee of $6.10. His ATM card fee was $6.60. There was also a $623.85 deposit in transit. The bank shows a balance of $107.38. The bank paid Ben $1.63 in interest. Ben's checkbook shows a balance of $1,543.40. Check Number 234 for $114.55 and check Number 235 for $42.85 were outstanding. Prepare Ben's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. 25 Ben's checkbook balance Add: Subtotal Deduct Subtotal BANK RECONCILIATION Bank balance Add: Subtotal Deduct Reconciled balance Reconciled balance

Ben Luna received his bank statement with a $32.00 fee for a bounced-check (NSF). He has an $920.80 monthly mortgage payment paid through his bank. There was also a $5.70 teller fee and a check printing fee of $6.10. His ATM card fee was $6.60. There was also a $623.85 deposit in transit. The bank shows a balance of $107.38. The bank paid Ben $1.63 in interest. Ben's checkbook shows a balance of $1,543.40. Check Number 234 for $114.55 and check Number 235 for $42.85 were outstanding. Prepare Ben's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. 25 Ben's checkbook balance Add: Subtotal Deduct Subtotal BANK RECONCILIATION Bank balance Add: Subtotal Deduct Reconciled balance Reconciled balance

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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