Question

As the bookkeeper of Moore Company, you are asked to complete a bank reconciliation from the following:

Note: Round your answer to 2 decimal places.
Checkbook Balance:
Bank balance:
Deposits in transit:
Note collected:
Outstanding checks:
Bank service charge:
$ 48,621.80
57,190.52
3,369.08
4,000.00
7,957.80
20.00

Answer 1

so first, the Bank Balance, Deposits in Transit, and Bank Service Charge are all categorized in the "Bank Statement Balance". Checkbook Balance, Note Collected, and Outstanding Checks are all categorized in the "Checkbook Balance". So this means that the Reconciled Balance of the "Bank Statement Balance" is 60,579.61, and the "Checkbook balance" is 60,579.60. The bank statement column is Bank Balance, Deposits in transit, and Bank service charge. The Checkbook Balance column is Checkbook Balance, Note collected, and Outstanding Checks.

Explanation: