Carol Stokke receives her April 6 bank statement showing a balance of $1,089.25
ID: 2605205 • Letter: C
Question
Carol Stokke receives her April 6 bank statement showing a balance of $1,089.25 her checkbook balance is $1,013.25. The bank statement shows an ATM charge of $26.30, NSF fee of $27.50, earned interest of $2.85, and Carol’s $783.65 refund check, which was processed by the IRS and deposited to her account. Carol has two checks that have not cleared—No. 115 for $531.35 and No. 116 for $248.50. There is also a deposit in transit for $1,436.55.
Prepare Carol's bank reconciliation.(Input all amounts as positive values. Round your answers to 2 decimal places.)
Explanation / Answer
Carol's Bank reconciliation
Carol's Checkbook balance
$1,013.25
Bank balance
$1,089.25
Add
Add
Check no.115
$531.35
ATM Charge
$26.30
Check no.116
$248.50
NSF Fees
$27.50
Interest
$2.85
Deposit in transit
$1,436.55
Refund check
$783.65
$1,566.35
$1,490.35
$2,579.60
$2,579.60
Deduct
Deduct
ATM Charge
$26.30
Check no.115
$531.35
NSF Fees
$27.50
Check no.116
$248.50
Deposit in transit
$1,436.55
Interest
$2.85
$1,490.35
Refund check
$783.65
$1,566.35
Reconciled balance
$1,089.25
Reconciled balance
$1,013.25
Carol's Bank reconciliation
Carol's Checkbook balance
$1,013.25
Bank balance
$1,089.25
Add
Add
Check no.115
$531.35
ATM Charge
$26.30
Check no.116
$248.50
NSF Fees
$27.50
Interest
$2.85
Deposit in transit
$1,436.55
Refund check
$783.65
$1,566.35
$1,490.35
$2,579.60
$2,579.60
Deduct
Deduct
ATM Charge
$26.30
Check no.115
$531.35
NSF Fees
$27.50
Check no.116
$248.50
Deposit in transit
$1,436.55
Interest
$2.85
$1,490.35
Refund check
$783.65
$1,566.35
Reconciled balance
$1,089.25
Reconciled balance
$1,013.25