Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made
Checkbook balance: $1,792.50 Bank statement balance: $972.00 Checks outstanding (checks written which have not yet been cashed): Check No. 455 $50.00 Check No. 477 $88.00 Check No. 479 $125.00 Deposits outstanding (deposits made
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Checkbook balance: $1,792.50
Bank statement balance:
$972.00
Checks outstanding (checks written
which have not yet been cashed):
Check No. 455 $50.00
Check No. 477 $88.00
Check No. 479 $125.00
Deposits outstanding (deposits made
but not yet recorded by the bank):
$550.00
3/3
3/4 $525.50
Bank service charge: $12.00
Interest earned on your account: $4.00
You have recorded all deposits in your checkbook.
RECONCILIATION FORM
$
Balance from
bank statement
Add outstanding
deposits
Total outstanding
deposits
Subtotal
Deduct
outstanding
checks
Total outstanding
checks
Adjusted bank
balance
$Balance from
checkbook
$Add deposits not $
$ recorded
$ Total deposits not |$|
recorded
$Subtotal
$
$ Deduct bank fees I$I
$Balance less fees $
Add interest
earned
$ Adjusted
checkbook
balance
$
IS
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