Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a local bank began charging $2.70 each month for r

A local bank began charging $2.70 each month for returning canceled checks. The bank also...

90.2K

Verified Solution

Question

Accounting

A local bank began charging $2.70 each month for returning canceled checks. The bank also has an $14.20 "maintenance" fee if a checking account slips below $750.00. Donna Sands likes to have copies of her canceled checks for preparing her income tax returns. She has received her bank statement with a balance of $583.59. Donna received $2.98 in interest and has been charged for the canceled checks and the maintenance fee. The following checks were outstanding: No. 94, $130.32; No. 96, $122.30; No. 98, $210.60; and No. 99, $89.61. A deposit of $779.53 was not recorded on Donna's bank statement. Her checkbook shows a balance of $824.21.

image

Donna's checkbook balance BANK RECONCILIATION Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Many elderly people have purchased medigap insurance policies to cover a growing Medicare copayment. These polices...

Advance Math
Q

If one were to apply Bohr model to a particle of mass m and charge...

Physics
Q

Add the given vectors by components.A=380, ?A=220.9B=233, ?B=294.2

Geometry
Q

829 Exercises 10 16 write the first four of each sequence whose general term is...

Basic Math
Q

You re flying from Joint Base Lewis McChord JBLM to an undisclosed location 293 km...

Calculus
Q

Solve for u 30 3u Simplify your answer as much as possibl 0

Algebra
Q

Simplify Radicals Special Right Triangles 3 a 27m11n8 b 54a1261

Algebra
Q

Dunder Corporation has an existing loan...

Accounting
Q

After watching the short video of Flying Cheap through the link, Please answer these questions:...

Accounting
Q

Luke Corporation produces a variety of products, each within their own division. Last year, the...

Accounting
Q

Comparing job order costing versus process costing Identify each costing system characteristics as job order...

Accounting
Q

A price range at which technicians feel that a significant increase in the price of...

Finance