On December 15, you recieved your bank statement showing a balance of $2270.32. Your checkbook shows a balance of $2433.33. Outstanding checks are $225.50 and $356.20. The account earned $77.52. Deposits in transit amount to $805.23, and there is a service charge of $17.00. Calculate the reconciled balance.  options are: a. 163.01 b. 2046.79 c. 2372.81 d. 2493.85

Q: The checkbook balance is $19,250.17. The total fees or chargers deductive by the bank is $28 and 50…

A: The checkbook shows the balance in the bank statement as per the books of the bank. This includes…

Q: Choose the correct option. If you prepare a bank reconciliation based on the following information,…

A: BANK RECONCILIATION STATEMENTA bank reconciliation statement is a financial document that reconciles…

Q: On December 15, you received your bank statement showing a balance of $2,275.34. Your checkbook…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: On November 3, Micah Asuncion received from the bank her bank statement for the month of October.…

A: Bank Reconcilation: It is a  statement prepared by  an enterprise  to compare  the bank transactions…

Q: On December 10, you receive your bank statement showing a balance of $2,984.04. Your checkbook shows…

A: Deposits in transit refers the sum of money which has been received and recorded by the organization…

Q: The following information of Mimosa General Dealers for July 2021 has been provided to you:   •…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: This is Mason's monthly bank statement and check register. What is the ending balance on the…

A: To answer above questions following bank reconciliation has been prepared:      Bank…

Q: On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An…

A: Bank Reconcilation: It is the  method involved with matching the balance  in  bank balance as per…

Q: The following information is available for Lemonaid Co. for June 30, 2020: The bank statement…

A: Bank reconciliation statement is the statement which is prepared to reconcile or rectify the error…

Q: On December 10, you receive your bank statement showing a balance of $2,984.86. Your checkbook shows…

A: ANSWER:- Reconciled balance = $2,893.61    EXPLANATION:- Unadjusted bank balance = $2,984.86 Deposit…

Q: The checkbook balance is $8,850. The total fees or charges deducted by the bank is $8.15.The…

A: Checkbook statements also contains interest income & service charges of banks along with other…

Q: The checkbook balance is $19,250.17. The total fees or charges deducted by the bank is $28.50.The…

A: Given, Checkbook balance=$19,250.17. Total fees or charges deducted=$28.50. Interest credit=$50.19.

Q: The cash account of Sheffield Co. showed a ledger balance of $7,088.13 on June 30, 2020. The bank…

A: The question is based on the concept of Bank Reconciliation Statement. Bank Reconciliation Statement…

Q: The following information of Mimosa General Dealers for July 2021 has been provided to you: •The…

A: Sometimes due to certain reasons, the balance as per the cash book doesn't matches with the bank…

Q: 6. A portion of your bank statement is shown. Your previous balance was $228.73. What is your…

A: Data given: Date Particulars Deposits and Credits ($) Checks and Other Charges ($)   Previous…

Q: On December 3, you received your bank statement showing a balance of $5,055.06. Your checkbook shows…

A: Bank reconciliation statement: The bank reconciliation statement commonly referred to as BRS is a…

Q: A check register shows a balance of $484.95. The bank statement shows a cash balance of $506.27. The…

A: Check register is also know as a cash disbursements journal which implies to a document containing…

Q: cash balance shown in the check register.

A: A check register is a personal accounting tool used to record and track financial transactions. It…

Q: On October 1, Jessica Clay received her bank statement showing a balance of $374.52. Her checkbook…

A: Bank reconciliation statement is the one prepared by the entity to reconcile the differences between…

Q: You have $13,800 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a…

A: Formula: Book balance = Available balance + Present check deposited.

Q: Your checkbook balance shows $706.50. The bank statement shows $772.77. The bank paid $2.50…

A: Bank reconciliation statement is the record of transactions made through bank. It helps in tallying…

Q: The cash account of Sheffield Co. showed a ledger balance of $7,088.13 on June 30, 2020. The bank…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: On December 10, you receive your bank statement showing a balance of $2,981.97. Your checkbook shows…

A: Lets understand the basics. Bank reconciliation statement is a statement which reconcile the balance…

Q: On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a…

A: Bank Reconciliation Statement: It is also called BRS. BRS is prepared to reconcile the cash balance…

Q: Based on the he following information,preaper a blank reconciliation to determine the adjusted(…

A: Bank reconciliation statement is prepared to reconcile the balance between bank and cash.

Q: Your checkbook balance shows $711.05. The bank statement shows $778.77. The bank paid $2.50…

A: Reconciliation is the process in which transactions recorded in two different books are compared to…

Q: Q.17. The check register for Bellam Furniture showed a balance of $3,511.91. Checks were written for…

A: To compute the new balance in the check register, you need to update the current balance by…

Q: On June 30, 2019, Wally Company's bank statement showed a $7,500.10 bank balance. Wally has a…

A: Bank Reconciliation Statement: A bank reconciliation statement is a statement which is prepared to…

Q: Based on the above, answer the following questions: 18. What is the amount of deposits in transit on…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: The cash account of Detuya Company shows the following information at April 30, 2020: Item CASH Ref.…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: On April 3, Erin Gardner received her bank statement showing a balance of $2,086.93. Her checkbook…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: On October 31, your company's records say that the company has $18,588.13 in its checking account. A…

A: Balance as per books. $18588.13 +Outstanding checks.  $7403.37 +Bank interest.              $20.24…

Q: The ending bank statement balance at November 30 is​ $6,850. The bank statement shows a service…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book. The…

Q: The bank statement for Jonzac Inc. showed a balance of $900, and the checkbook balance indicated…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: 2. DETAILS rise BRECMBC9 4.11.TB.011. On May 27, you received your bank statement showing a balance…

A: The objective of the question is to calculate the reconciled balance of the bank account. This…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.