Question

The bank statement of July 31 for Walgreens showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Walgreens noticed from the bank statement that the bank had collected a note for $666.66. There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54. Check charges were $39.40. What's the reconciled balance? A. $2,572.66 B. $2,527.66 C. $5,272.66 D. $5,227.66

Answer 1

The correct option is B

Explanation:

We will consider the following things and figures.

The bank statement of July 31 for Walgreens showed a balance of $6,008.10

There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54.

=$6,008.10-$4,580.54+$1,100.10

=$1,427.56+$1,100.10

=$2,527.66

Thus the correct option is B....