Compute the reconciled balance: Note: Round your answer to 2 decimal places. Checkbook Balance $ 5,543.24 Reconciled balance Bank Statement Balance $ 6,981.32 Additional Information NSF Service Charge Interest Credited Deposit in Transit Checks Outstanding Reconciled Balance $ 88.10 15 12.15 99.1 1,628.13

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

P rahul

Compute the reconciled balance:
Note: Round your answer to 2 decimal places.
Checkbook
Balance
$ 5,543.24
Reconciled balance
Bank Statement
Balance
$ 6,981.32
Additional
Information
NSF
Service Charge
Interest Credited
Deposit in Transit
Checks Outstanding
Reconciled
Balance
$ 88.10
15
12.15
99.1
1,628.13
Transcribed Image Text:Compute the reconciled balance: Note: Round your answer to 2 decimal places. Checkbook Balance $ 5,543.24 Reconciled balance Bank Statement Balance $ 6,981.32 Additional Information NSF Service Charge Interest Credited Deposit in Transit Checks Outstanding Reconciled Balance $ 88.10 15 12.15 99.1 1,628.13
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education