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On May 27, you received your bank statement showing a balance of $1,011.18. Your checkbook shows a balance of $1,024.34. Outstanding checks are $225.50 and $388.10. The account earned $88.51. Deposits in transit amount to $705.27, and there is a service charge of $10.00. Calculate the reconciled balance

Respuesta :

Answer:

1102.85

Step-by-step explanation:

Bank:

beginning balance - outstanding checks + deposits in transit

1011.18 - 225.50 - 388.10 + 705.27 = 1102.85

Checkbook:

beginning balance + account earned - service charge

1024.34 + 88.51 - 10.00 = 1102.85

                                                     

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