Homework Answers
Solution:
| Particulars | Amount | |
| Balance on bank statement | $2,608.87 | |
| Additions: | ||
| Deposits in transit | $322.54 | |
| Deductions: | ||
| Outstanding checks | $861.40 | |
| Adjusted Statement balance | $2,070.01 | |
| Balance in checkbooks | $1,865.81 | |
| Additions: | ||
| Payroll deposit | $220.00 | |
| Deductions: | ||
| Service Charge | $15.80 | |
| Adjusted Checkbook balance | $2,070.01 |
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