Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business through a teller six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76 balance. You received $1.10 in interest. An $801.15 deposit was not recorded on your statement. The following checks were outstanding: No. 413, $28.30, No. 414, $18.60, and No. 418, $60.72. D N Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places.) Checkbook balance Add Interest Subtotal Deduct Teller fee Reconciled balance BANK RECONCILIATION $ 1,009 76 Bank balance Add: 1,10 $1,010.86 S 12.00 998 00 Deposit in transit Subtotal Deduct Outstanding checks (total) Reconciled balance S 305.33 801.15 $1,106.48 107,62 998.86

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
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Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if
you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business
through a tellet six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76
balance. You received $1.10 in interest. An $80115 deposit was not recorded on your statement. The following checks were
outstanding: No. 413. $28.30, No. 414, $18.60, and No. 418, $60.72.
Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places)
Checkbook balance
Add:
Interest
Subtotal
Deduct
Teller fee
Reconciled balance
Y
BANK RECONCILIATION
$ 1,009 76 Bank balance
Add:
1.10
$1,010.86
12.00
$ 998 58
Deposit in transit
Subtotal
Deduct
Outstanding checks (total)
Reconciled balance
-
**
$
74
$
305.33
801.15
1,106.48
107,62
998.86
Transcribed Image Text:Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business through a tellet six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76 balance. You received $1.10 in interest. An $80115 deposit was not recorded on your statement. The following checks were outstanding: No. 413. $28.30, No. 414, $18.60, and No. 418, $60.72. Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places) Checkbook balance Add: Interest Subtotal Deduct Teller fee Reconciled balance Y BANK RECONCILIATION $ 1,009 76 Bank balance Add: 1.10 $1,010.86 12.00 $ 998 58 Deposit in transit Subtotal Deduct Outstanding checks (total) Reconciled balance - ** $ 74 $ 305.33 801.15 1,106.48 107,62 998.86
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