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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

A bank statement is reconciled when the adjusted checkbook balance ___________ the adjusted bank balance. (4-7)

To determine

To fill: The blank space in the statement, “A bank statement is reconciled when the adjusted checkbook balance ____ the adjusted bank balance”.

Explanation

A bank statement is reconciled when the adjusted checkbook balance is equal to the adjusted bank balance.

An adjusted checkbook balance is the result after checkbook balance minus service charges and other debits plus interest earned and other credits.

An adjusted bank balance is the result after bank balance minus outstanding checks plus deposits in transit...

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