The bank statement of July 31 for Savon Co. showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Savon Co. noticed from the bank statement that the bank had collected a note for $666.66. There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54. Check charges were $39.40. What is the reconciled balance?

Question

christineboutror4l33 christineboutror4l33

06-06-2017
Mathematics

contestada

The bank statement of July 31 for Savon Co. showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Savon Co. noticed from the bank statement that the bank had collected a note for $666.66. There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54. Check charges were $39.40. What is the reconciled balance?

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evanharris526 evanharris526 · Answer 1 · 2017-06-06T15:03:53+02:00

The correct answer is $10,982.68, because you have to subrtract $666.66 from $6,008.10 and you would get $5,341.44. The next step is that you have to add because the problem states that they're depositing, (which means putting money into the bank account), so you add the $1,100.10 and the $4,580.54 to $5,341.44 and you would get $11,022.08. Lastly the last step is to subtract the cost of the checks from your total and you would get $10,982.68.

Hope that helps.

chisnau chisnau · Answer 2 · 2019-07-11T18:44:59+02:00

chisnau chisnau

11-07-2019

Answer:

The answer is $2,527.66

Step-by-step explanation:

We will consider the following things and figures.

The bank statement of July 31 for Savon Co. showed a balance of $6,008.10

There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54.

[tex]6008.10-4580.54+1100.10=2527.66[/tex]

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