Question

Concord Pizza's checkbook balance is $1,799.59. The bank statement has a balance of $2,314.22. Interest earned on the statement was $35.50. With checks outstanding of $504.13 and a monthly service charge of $25.00, the reconciled balance is:

Answer 1

The reconciled balance would be:

$2,314.22 (bank statement balance) + $35.50 (interest earned) - $504.13 (checks outstanding) - $25.00 (monthly service charge) = $1,820.59