Question

Ben luna received his bank statement with a $27.04 fee for a bounced check. he has an $815.75 monthly mortgage payment paid through his bank. There was also a $3.00 teller fee and a check printing fee of $3.00. His ATM card fee was $6.40. There was also a $530.50 deposit in transit. The bank shows a balance of $119.17. The bank paid ben $1.23 in interest. Ben checkbook shows a balance of $1,395.28. Check no.234 for $80.30 and check no 235 for $28.55 were outstanding. prepare bens bank reconciliation?

Answer 1

Explanation:

Ben's checkbook balance : $1,395.28 Bank's balance: $119.17

Credited (add) credited (add)

Interest : $1.23 Deposit :$530.50

$1,396.51 $649.67

Debited (deduct) Debited (deduct)

fee for bounced check : $27.04 Outstanding checks

Monthly mortgage : $815.75 Check No 234: $80.30

teller fee : $3.00 Check No 235: $28.55

check printing fee : $3.00

ATM card fee : $6.40

$855.19 $108.85

Balance : $541.32 $540.82

Reconcile balance of check book and bank statement.