Your checkbook balance shows $706.50. The bank statement shows $772.77. The bank paid $2.50 interest. Checks 1501 ($85), 1507 ($50.16), and 1511 ($20.50) are not shown on the statement. A service charge of $5 was levied by the bank. You made an $85 deposit yesterday that is not on the statement. What is the reconciled balance? (Show all work.)

Your checkbook balance shows $706.50. The bank statement shows $772.77. The bank paid $2.50 interest. Checks 1501 ($85), 1507 ($50.16), and 1511 ($20.50) are not shown on the statement. A service charge of $5 was levied by the bank. You made an $85 deposit yesterday that is not on the statement. What is the reconciled balance? (Show all work.)

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 1.10C

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Your checkbook balance shows $706.50
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