Answered

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"On April 3, Erin Garnder received her bank statement showing a balance of $2,087.93 Her checkbook showed a balance of $1,493.90. Outstanding check 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. The reconciled balance is:"

Sagot :

Zviko

Answer:

$1,935.90

Explanation:

We prepare a Bank Reconciliation Statement to determine the  reconciled balance as follows :

Erin Garnder

Bank Reconciliation Statement

Balance as per Bank Statement                                            $2,087.93

Add Outstanding Lodgments                                                      $813.11

Less Unpresented checks

($224.15 + $327.80 + $88.10 + $122.42 +  $202.67)              ($965.14)

Balance as per Cash Book                                                      $1,935.90  

Therefore,

The reconciled balance is: $1,935.90

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