Your checkbook balance shows $711.05. The bank statement shows $778.77. The bank paid $2.50 interest. Checks 1501 ($85), 1507 ($50.16), 1511 ($20.50) are not shown on the statement. A service charge of $5 was levied by the bank. You made a $85 deposit yesterday that is not on the statement. What is the reconciled balance? (Show all work.)
Your checkbook balance shows $711.05. The bank statement shows $778.77. The bank paid $2.50 interest. Checks 1501 ($85), 1507 ($50.16), 1511 ($20.50) are not shown on the statement. A service charge of $5 was levied by the bank. You made a $85 deposit yesterday that is not on the statement. What is the reconciled balance? (Show all work.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Your checkbook balance shows $711.05. The bank statement shows $778.77. The bank paid $2.50 interest. Checks 1501 ($85), 1507 ($50.16), 1511 ($20.50) are not shown on the statement. A service charge of $5 was levied by the bank. You made a $85 deposit yesterday that is not on the statement. What is the reconciled balance? (Show all work.)
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