BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

On April 3. Erin Gardner received her bank statement showing a balance of $2,087.93. Her checkbook showed a balance of $1,493.90. Outstanding checks were $224.15, $327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the deposits in transit amounted to $813.11. There was an electronic payroll deposit of $450.00. Use the form below to reconcile Erin's account.

Chapter 4.II, Problem 1RE, 1. On April 3. Erin Gardner received her bank statement showing a balance of $2,087.93. Her

To determine

The reconciliation of Erin Gardener’s account if on April 3, her bank statement and checkbook were showing balance of $2,087.93, and $1,493.90.

Explanation

Given Information:

The provided information is,

Outstanding checks were of amounts $224.15,$327.80,$88.10,$122.42,and$202.67,

Service charge of $8.00, deposits in transit amounted to $813.11, and electronic payment deposit of $450.00 have also been there.

Form for reconciliation is shown below:

Steps for preparation of bank statement reconciliation:

Step I: To check the adjusted checkbook balance, go through the bank statement to locate any credits not recorded in the checkbook, add them to checkbook balance to get a subtotal and locate any debits not recorded in the checkbook, and subtract them from the subtotal.

Step II: To check the adjusted bank balance, go through bank statement and locate all deposits in transit, add them to the statement balance to get a subtotal and locate all outstanding checks, and subtract them from the subtotal

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

In Exercises 1-6, show the interval on a number line. 5. (0, )

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

In Problems 17-24, find the slope and y-intercept and then graph each equation.

Mathematical Applications for the Management, Life, and Social Sciences

Does a rectangle have a an incenter? b a circumcenter?

Elementary Geometry for College Students

True or False: f(x) = 10x − x2 is increasing on (4,8).

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

True or False: If , then converge absolutely.

Study Guide for Stewart's Multivariable Calculus, 8th