Question

2) Computer: The Reconciled Balance. Checkbook Bank Statement Additional Reconciled Balance Balance Information Balance $5,543.24 $6,981.32 NSF $88.10 Service Charge:15.00 Interest Credited: 12.15 Deposit in Transit:99.10 Checks Outstanding: 1,628.13 w] x hp $ % 5 & 6 8 9 R T Y O Р I

Answer 1

We will calculate the balance as per bank statement from check book balance:

considering the transactions recorded in bank statement and not in check book balance:

Reconciled balance as under:

NSF amt to be deducted (88,10)

service charge to be deducted (15)

interest to be added 12.15

deposit in transit to be deducted (99.10)

checks outstanding to be added 1628.13

Therefore, reconciled balance is

$ 1,438.08 if we add the check book balance we get the bank statement balance.