Adjusted Bank Balance. Mary's last bank statement showed an ending balance of ​$236.24. This​ month, she deposited $893.13 in her account and withdrew a total of ​$345.63. ​Furthermore, Mary wrote a total of five​ checks, two of which have cleared. The two checks that have cleared total ​$201.12. The three remaining checks total ​$160.21. Mary pays no fees at her bank. What is the balance shown this month on​ Mary's bank​ statement? What is the adjusted bank​ balance? The balance shown this month on​ Mary's bank statement is $________ The adjusted bank balance is $______

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A: Required journal entries:

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A:

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Q: Assume simple interest and find the rate of interest paid by the bank.

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A:

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.