Chapter 4.II, Problem 2RE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Bob Albrecht received his bank statement on July 5 showing a balance of $2.663.31.

His checkbook had a balance of $1,931.83. The statement showed a service charge of $15.80 and an electronic payroll deposit of $200.00. The deposits in transit totaled $314.12. and the outstanding checks were for $182.00, $261.40. and $418.00. Use the form below to reconcile Bobâ€™s account.

To determine

The reconciliation of Bob Albrecht’s account if on July

Explanation

**Given Information:**

The provided information is,

Outstanding checks were of amounts

Service charge of

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

Sect-4.I P-1TIESect-4.I P-2TIESect-4.I P-3TIESect-4.I P-4TIESect-4.I P-1RESect-4.I P-2RESect-4.I P-3RESect-4.I P-4RESect-4.I P-5RESect-4.I P-6RE

Sect-4.I P-7RESect-4.I P-8RESect-4.I P-9RESect-4.I P-10RESect-4.II P-5TIESect-4.II P-1RESect-4.II P-2RESect-4.II P-3RECh-4 P-1CRCh-4 P-2CRCh-4 P-3CRCh-4 P-4CRCh-4 P-5CRCh-4 P-6CRCh-4 P-7CRCh-4 P-8CRCh-4 P-9CRCh-4 P-10CRCh-4 P-11CRCh-4 P-12CRCh-4 P-13CRCh-4 P-14CRCh-4 P-1ATCh-4 P-2ATCh-4 P-3ATCh-4 P-4ATCh-4 P-5ATCh-4 P-6ATCh-4 P-7AT

Single Variable Calculus

Applied Calculus

Calculus: Early Transcendental Functions

Mathematical Excursions (MindTap Course List)

Finite Mathematics and Applied Calculus (MindTap Course List)

Finite Mathematics

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

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

Precalculus: Mathematics for Calculus (Standalone Book)

Elementary Geometry For College Students, 7e

Elementary Technical Mathematics

Probability and Statistics for Engineering and the Sciences

Essentials Of Statistics

Statistics for The Behavioral Sciences (MindTap Course List)

Intermediate Algebra

Multivariable Calculus

Calculus: Early Transcendentals

Understanding Basic Statistics

Calculus (MindTap Course List)

Single Variable Calculus: Early Transcendentals, Volume I

Calculus: An Applied Approach (MindTap Course List)

Mathematical Applications for the Management, Life, and Social Sciences

Elements Of Modern Algebra

Trigonometry (MindTap Course List)

Calculus: Early Transcendental Functions (MindTap Course List)

Single Variable Calculus: Early Transcendentals

Calculus of a Single Variable

Elementary Geometry for College Students

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

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Multivariable Calculus, 8th

College Algebra (MindTap Course List)

Calculus (MindTap Course List)

Introduction To Statistics And Data Analysis

Mathematics: A Practical Odyssey

Research Methods for the Behavioral Sciences (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Statistics for Business & Economics, Revised (MindTap Course List)

Mathematics For Machine Technology

Multivariable Calculus

Research Methods for the Behavioral Sciences (MindTap Course List)