33 44. State National Bank sent Jeff Satterwhite his bank statement showing a $1,018.34balance. Jeff's checkbook showed a $651.09 balance. The following checks wereoutstanding: Check 867 for $23.98, Check 869 for $11.11, Check 870 for $122.98,and Check 871 for $58.80. The monthly service charge was $12.50. Jeff hadforgotten to record a deposit in his checkbook for $162.88. What is the adjustedcheckbook balance? Does it balance with the bank statement?

The balance as per Jeff's bank statement = $1018.34The balance as per Jeff's cash book = $651.09The…

Answered: forgotten to record a deposit in his…

forgotten to record a deposit in his checkbook for $162.88. What is the adjusted checkbook balance? Does it balance with the bank statement?

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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Question

44. State National Bank sent Jeff Satterwhite his bank statement showing a $1,018.34
balance. Jeff's checkbook showed a $651.09 balance. The following checks were
outstanding: Check 867 for $23.98, Check 869 for $11.11, Check 870 for $122.98,
and Check 871 for $58.80. The monthly service charge was $12.50. Jeff had
forgotten to record a deposit in his checkbook for $162.88. What is the adjusted
checkbook balance? Does it balance with the bank statement?

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