ased on the following information, prepare a bank reconciliation to determine the adjusted (corrected) balance: (Input each amoun s a positive value.) Bank balance Checkbook balance Outstanding checks Direct deposits Bank balance Add: Less: $ 702 Account fees $662 ATM withdrawals $ 120 Deposit in transit $72 Interest earned Bank Statement Checkbook balance Add: Less: $ 12 $88 $ 60 $8 Your Checkbook

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Based on the following information, prepare a bank reconciliation to determine the adjusted (corrected) balance: (Input each amount
as a positive value.)
Bank balance
Checkbook balance
Outstanding checks
Direct deposits
Bank balance
Add:
Less:
$702 Account fees
$ 662 ATM withdrawals
$120 Deposit in transit
$72 Interest earned
Bank Statement
Adjusted bank statement balance
Checkbook balance
Add:
Less:
$ 12
$ 88
$ 60
$8
Your Checkbook
Adjusted checkbook balance
Transcribed Image Text:Based on the following information, prepare a bank reconciliation to determine the adjusted (corrected) balance: (Input each amount as a positive value.) Bank balance Checkbook balance Outstanding checks Direct deposits Bank balance Add: Less: $702 Account fees $ 662 ATM withdrawals $120 Deposit in transit $72 Interest earned Bank Statement Adjusted bank statement balance Checkbook balance Add: Less: $ 12 $ 88 $ 60 $8 Your Checkbook Adjusted checkbook balance
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