Kameron Gibson's bank statement showed a balance of $1,016.75. Kameron's checkbook had a balance of $22710. Check No. 104 for$121.60 and check No. 105 for $15.85 were outstanding. A $775.30 deposit was not on the statement. He has his payroll checkelectronically deposited to his checking account-the payroll check was for $1,467.50. There was also a $12.50 teller fee and an$27.50 service charge.Prepare Kameron Gibson's bank reconciliation. (Round your answers to 2 decimal places.)Kameron's checkbook balanceBank balanceAdd:Add:SubtotalSubtotalDeduct:DeductReconciled balanceReconciled balance

Bank reconciliation statement is prepared to reconcile the bank account balance with financial…

Answered: Kameron Gibson's bank statement showed…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 4PB

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Kameron Gibson's bank statement showed a balance of $1,016.75. Kameron's checkbook had a balance of $22710. Check No. 104 for
$121.60 and check No. 105 for $15.85 were outstanding. A $775.30 deposit was not on the statement. He has his payroll check
electronically deposited to his checking account-the payroll check was for $1,467.50. There was also a $12.50 teller fee and an
$27.50 service charge.
Prepare Kameron Gibson's bank reconciliation. (Round your answers to 2 decimal places.)
Kameron's checkbook balance
Bank balance
Add:
Add:
Subtotal
Subtotal
Deduct:
Deduct
Reconciled balance
Reconciled balance

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Banks are finding more ways to charge fees,such as a $34.60 overdraft fee. Sue McVickers has an account in Fayetteville;she has received her bank statement with this $34.60 charge.Also, she was charged a $14.20 service fee; however, the good news is she earned $6.25 interest .her bank statement's balance was 546.45 but it did now shows the $1288.65 deposit she had made. Sue's checkbook balance shows $731.70.The following checks have not cleared: Number 250 $645.45 ; Number 253,$291.00 and number 254, $209.50

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