Respuesta :
Answer:
Total outstanding checks = $965.14
Adjusted checkbook balance = Adjusted statement balance = $1,935.90
Step-by-step explanation:
Note: There are some typographical errors in this question. The question is therefore correctly represented as follows:
On April 3, Erin Gardner received her bank statement showing a balance of $2,087.93. Her checkbook showed a balance of $1,493.90. Outstanding checks were $224.15, $327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the deposits in transit amounted to $813.11. There was an electronic payroll deposit of $450.00. Use the form below to reconcile Erin's account.
The explanation of the asnwers can now be presented as follows:
Erin Gardner
Calculation of Outstanding Checks
No Amount ($)
1. 224.15
2. 327.80
3. 88.10
4. 122.42
5. 202.67
Outstanding checks 965.14
Computation of adjusted checkbook balance
Details Amount ($)
Checkbook balance 1,493.90
Add:
Electronic payroll deposit of 450.00
Subtotal 1,943.90
Deduct:
Service charge (8)
Adjusted checkbook balance 1,935.90
Computation of adjusted statement balance
Details Amount ($)
Statement balance 2,087.93
Add:
Deposits in transit 813.11
Subtotal 2,901.04
Deduct:
Outstanding checks 965.14
Adjusted statement balance 1,935.90
