Carol Stokke receives her April 6 bank statement showing a balance of $1, 109.65
ID: 2744461 • Letter: C
Question
Carol Stokke receives her April 6 bank statement showing a balance of $1, 109.65 her checkbook balance is $1, 023.55. The bank statement shows an ATM charge of $32.50. NSF fee of $35.90. earned interest of $3.95. and Carol's $647.45 refund check, which was processed by the IRS and deposited to her account. Carol has two checks that have not cleared-No. 115 for $636.65 and No. 116 for $332.60. There is also a deposit in transit for $1, 466.15. 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 $1,023.55 Bank balance $1,109.65 Add Add Check no.115 $636.65 ATM Charge $32.50 Check no.116 $332.60 NSF Fees $35.90 Interest $3.95 Deposit in transit $1,466.15 Refund check $647.45 $1,620.65 $1,534.55 $2,644.20 $2,644.20 Deduct Deduct ATM Charge $32.50 Check no.115 $636.65 NSF Fees $35.90 Check no.116 $332.60 Deposit in transit $1,466.15 Interest $3.95 $1,534.55 Refund check $647.45 $1,620.65 Reconciled balance $1,109.65 Reconciled balance $1,023.55