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
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