Liberty Company receives a bank statement dated April 30 that shows a balance of $4,722.68. Liberty’s checkbook balance, as of April 30, is $5,277.73.  The bank has not processed check 566 for $35 or check 567 for $264.  A $750 deposit made on April 30 does not appear on the bank statement.  The bank statement shows a few items that Liberty is unaware of:  check printing charges of $61.50 and interest earned of $11.45.  Liberty recorded check 563 as $128, but the bank processed the check incorrectly as $182.  Find the April 30 reconciled balance.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Liberty Company receives a bank statement dated April 30 that shows a balance of $4,722.68. Liberty’s checkbook balance, as of April 30, is $5,277.73.  The bank has not processed check 566 for $35 or check 567 for $264.  A $750 deposit made on April 30 does not appear on the bank statement.  The bank statement shows a few items that Liberty is unaware of:  check printing charges of $61.50 and interest earned of $11.45.  Liberty recorded check 563 as $128, but the bank processed the check incorrectly as $182.  Find the April 30 reconciled balance.

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