Author Question: On September 4, you received your bank statement showing a balance of 1,253.18. Your checkbook shows ... (Read 259 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
On September 4, you received your bank statement showing a balance of 1,253.18. Your checkbook shows a balance of 1,424.34. Outstanding checks are 115.50 and 258.10. The account earned 68.51. Deposits in transit amount to 605.27, and there is a service charge of 8.00. Calculate the reconciled balance.
 A) 1,484.85
  B) 1,416.34
  C) 879.58
  D) 1,253.18

Question 2

Mia received her bank statement on March 6, showing a balance of 1,729.73. The balance shown in her checkbook was 1,427.58. Deposits in transit amounted to 538.52 and there was a service charge of 6.00. Outstanding checks were 155.44, 291.26, and 342.03, and the interest earned was 57.94. Find the reconciled balance.
 A) 1,421.58
  B) 1,941.00
  C) 1,479.52
  D) 1,729.73



stano32

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For a complete list of videos, visit our video library