Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business through a teller six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76 balance. You received $1.10 in interest. An $801.15 deposit was not recorded on your statement. The following checks were outstanding: No. 413, $28.30, No. 414, $18.60, and No. 418, $60.72. D N Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places.) Checkbook balance Add Interest Subtotal Deduct Teller fee Reconciled balance BANK RECONCILIATION $ 1,009 76 Bank balance Add: 1,10 $1,010.86 S 12.00 998 00 Deposit in transit Subtotal Deduct Outstanding checks (total) Reconciled balance S 305.33 801.15 $1,106.48 107,62 998.86

Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business through a teller six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76 balance. You received $1.10 in interest. An $801.15 deposit was not recorded on your statement. The following checks were outstanding: No. 413, $28.30, No. 414, $18.60, and No. 418, $60.72. D N Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places.) Checkbook balance Add Interest Subtotal Deduct Teller fee Reconciled balance BANK RECONCILIATION $ 1,009 76 Bank balance Add: 1,10 $1,010.86 S 12.00 998 00 Deposit in transit Subtotal Deduct Outstanding checks (total) Reconciled balance S 305.33 801.15 $1,106.48 107,62 998.86

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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