After reconciling her checkbook with her bank statement, Mrs. Taylor found that she had transposed a check for 127.18 and instead recorded the check as 172.18. If her checkbook balance shows 1,593.45, what should it be?
A) 1,548.45
B) 1,593.45
C) 1,638.45
D) 1,693.45
Question 2
Annie Hamilton's bank statement showed a balance of 1,489.13. There are 365.75 in outstanding checks. There is one outstanding deposit of 385.00. The bank charged 5.50 in ATM fees. What should her checkbook balance be?
A) 1,893.38
B) 1,508.38
C) 1,502.88
D) 1,469.88
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Example of Reconciling a Bank Statement Cont.