Answer:
To reconcile we need to match the checkbook balance with that of the bank balance :
Checkbook balance :
Initial checkbook balance = $43676.09
Note collected = $2160.00 , Bank Service Charge = $15
Final Checkbook Balance = Initial balance + Note collected - Service charge
= 43676.09 + 2160 - 15
= $45821.09
Bank balance :
Initial Bank balance = $49668.90
Outstanding deposits = $8474.44 , Outstanding checks = $12322.25
Final Bank Balance = Initial balance - Outstanding checks + Outstanding deposits
= 49668.90 - 12322.25 + 8474.44
= $45821.09
So, both the checkbook balance and the bank balance are equal.
