Question

"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:"

Answer 1

$1,935.90

Step-by-step 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