Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
Given the following from the check register, calculate the ending balance.
Beginning balance
$481.92
Payment
$81.22
Payment
19.44
Deposit
111.22
Payment
88.04
Write the following amount in verbal form as you would on a check: $675.88
Calculte reconciled bank balance, given the following:
Bank statement balance
$4,800.10
Checks outstanding
55.32
Deposits in transit
105.99
Calculate a reconciled balance from the following:
Checkbook balance
$2,885
Bank balance
2,999
Interest earned
22
Deposits in transit
500
Checks outstanding
620
NSF check
15
Check printing
13
Angels's checkbook balance was $9,000. The bank statement had a balance of $10,500. Angel's bookkepper noticed check No. 140 for $550 and No. 145 for $205 were not yet processed by the bank. Angel made a desposit of $1,200 that had not reached the bank before preparation of the bank statement. Bank service charges totaled $40. The statement showed that the bank collected a note from Angel for $2,020 charging a $20 collection fee. Angel's bookkeeper noticed that a check for $30 was recorded as $15. What is the reconciled balance?
